Really? There's plenty of old rupiah still in circulation. I swear some of the Rp1000 notes on my table now are at least 10 years or more. :bsmilie:
The main problem is USD. Many money changers and even large established banks are known to reject US notes from a certain series/year. Further more, notes exchanged must be crisp and new. No folds, creases, marks etc. Any of the above, and they will try to give you a less than favourable rate. Quoted reasons include them wanting to sell it back to US Treasury Dept. (???) No logic to me. The moment you keep the money in your wallet it is bound to have a fold. Unless you seal them all up into a box or something. But hey... this is Indonesia for you.. :bsmilie:
Oh yes. I forgot to add. Just bring SGD to exchange. Generally SGD - IDR conversion is much better in Indonesia itself. They like our dollars. Heh.
Why would I smoke you? I've been living here in Indonesia for the past 10 months. Just sharing some of the things I've learnt.
Oh and as mentioned by some, do bring some USD in case. There are instances where they may require you to pay in USD. One example would be air tickets (although I don't think you would be purchasing any here).
Maybe a 70:30 mix would be good. Because if they quote you a price in USD, and you only have rupiah... well. You are suffering a two-fold conversion loss at a poor exchange rate. You lose some when SGD -> IDR. Lose again (even more this time) when IDR -> USD.
This is one of the main reason why I pay for my air tickets in USD cash that is exchanged back in Singapore.