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Enter the Euro

Some Local Confusion Accompanies Europe's Introduction of the Euro.

(12/31/2001) While banks across Europe are spending millions acclimating their customers to the introduction of the Euro as the official currency, apparently Bank Indonesia's approach is less subtle and substantially more abrupt.

Reportedly, local banks, effective January 01, 2002, will no longer accept any of the European currencies being supplanted by the Euro. This has caused some hotels in Bali to advise that they, in turn, will also be refusing the following currencies beginning on that date:

Deutsche Mark, Dutch Guilders, French Francs, Italian Lira, Belgian Francs, Finnish Markka, Luxembourg Francs, Spanish Pesetas, Portuguese Escudos, Austrian Schillings, Irish Punts, and Greek Drachmae.

Visitors to Bali in 2002 would be well advised to bring U.S. Dollars, Euros or other world currencies not included in the proscribed list.