Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Time for Change
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Bali Update
Subscribe to our free weekly newsletter!
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Time for Change

Foreign Exchange Association Call for Stronger Law Enforcement Against Illegal Moneychangers. But is the Problem Only Unlicensed Moneychangers?

Bali News: Bali, Indonesia APVA, moneychanger, Keese van der Spek, Ayu Astuti Dama, SBS6, illegal money changers, fraud in Bali
Click Image to Enlarge


The Association of Foreign Exchange Dealers in Bali (APVA-Bali) are growing increasingly frustrated with the number of illegal moneychangers operating on the Island. 
As reported by Bisnis Bali, Bali main and side streets are peppered with illegal moneychangers. What’s worse, according to APVA, is that the number of illegal moneychangers operating in Bali now outnumber the legal entities. 
The chairman of operating board of APVA-Bali, Ayu Astuti Dama, said: “We have had the opportunity to count the number of money-changers in Seminyak. In Seminyak up until the Bintang Supermarket there were 14 moneychangers. Of these 6 were registered and 8 were not. This means 57% of the money-changers in that area are illegal.”
She said the presence of illegal moneychangers operating in Bali was a real headache. She added that the weak coordination of law enforcement in Bali did little to deter the activities of illegal moneychangers.
“Look at them, they openly operate (illegal moneychangers). The marks of an illegal operation are so easy to spot, they have no license to show,” Ayu complained. "The responsibility to close illegal moneychangers remains with law enforcement."
“We have continued to try to bring illegal money changers into line, but we feel that they continue to violate the law and do things that cause losses to registered currency traders,” she said.
Ayu said the existence of illegal moneychangers, primarily in the Badung regency of Bal,i is difficult to curtail unless the police and law enforcement agencies become serious in their work. She said the illegal moneychangers are working for a quick profit and do not care if they damage Bali’s reputation in the process.
Ayu Dama reminded how a report by a Dutch filmaker on the practices of illegal moneychangers committing fraud against foreign tourists caused a momentary panic among both police and the governor. For this reason, APVA-Bali is again calling on the government to intensify efforts to close illegal currency changers.
When asked what her association was doing to curb the presence of illegal moneychangers in Bali, she explained that APVA members were consolidating and offering standardized rates for currency transactions.
The deputy director of Bank Indonesia for Bali and East Nusa Tenggara, Bimantoro, joined APVA’s call for action by the police and the public to close illegal moneychangers.
But Seriously, Folks
But is Ayu Dama's desire to lay the blame for fraud at the feet of illegal moneychagers completely justified?
Have a look at the now notorious film clip made by filmmaker Keese van der Spek of Dutch TV Channel SBS6 of a moneychanger in Kuta committing and openly admitting to cheating a customer. Click the embedded video and focus you eyes just over the moneychanger’s shoulder to see the emblem of the APVA prominently displayed as he cheats a customer. Sadly, such documentation suggests that being a registered member of APVA Bali may count for little as a guarantee of safety for visiting tourists.
If the errant moneychanger is, in fact, a member of APVA-Bali, then the problem runs much deeper than mere registration.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


Plaga Wine
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!

Our [Privacy Statement] explains how we handle the data you are providing.

Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!

or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Ace Trumps Hotels and Restaurants in Bali
Cok Ace’ Elected to Third Term as Chairman of Bali-PHRI
Unbeatable Seller Prices for BBTF 2016
Seller Discounts for Bali & Beyond Travel Fair 2016 for Confirmed Bookings Made Before November 30, 2016
The More the Merrier?
Denpasar Administration will Not Impose Moratorium on New Hotels
GO-JEK Doesn’t Deliver Grass
Famous Indonesian Musician Caught with Marijuana After Using Go-Jek Driver for a Drug Pick Up
When Passengers Roar at the Lion
Angry Lion Air Passengers Commandeer a Runway at Jakarta’s Airport
Indonesians Encouraged to Visit Australia
Australia Introducing Easier Visa Controls to Encourage Indonesians to Visit Australia
Striving for Safety
PHRI: Majority of Hotels Falling Short on Security and Safety Assessments
Buy My Horse, He's Hungry
Competing with Modernity, 80-year Old Dokar Driver in Bali’s Capital of Denpasar Faces Difficulty in Feeding Himself and His Horse
Banyuwangi Flights from Bali Axed
Garuda Indonesia Cancels Bali to Banyuwangi, East Java Flights
You Raise Me Up
New Minimum 2016 Wage Levels Announced for Badung Regency and Denpasar in Bali
RIMBA Takes Mexican Food to New Heights
UNIQUE Rooftops Bar & Restaurant at RIMBA Jimbaran Offers Authentic Mexican Cuisine
Ready, Aim. . . Wait!
Indonesia Put Stay on Further Executions While Economy Idles
All [News]!