Bali is one of the world’s most popular destinations for tourism, long-term living, and property investment. But with the island’s growing popularity, issues around illegal money changers have also emerged — particularly near busy tourist spots like Ubud.

Recently, Bali authorities announced a major crackdown on unlicensed money exchange counters, aiming to protect both tourists and investors from fraud and financial loss.

Why Is Bali Cracking Down on Illegal Money Changers?

The Gianyar Civil Service Police Unit (Satpol PP) inspected local operations and discovered more than 100 unauthorized money changers across Ubud, Tegallalang, Tampaksiring, and Sayan.

The main issues found include:

  • No official registration or permits with Bank Indonesia.

  • Makeshift or temporary outlets operating in tourist-heavy areas.

  • Untrained or unlicensed staff often work without uniforms.

  • Misleading or inflated exchange rates designed to trick unsuspecting customers.

Authorities explained that these businesses have been invited to comply through coaching and legal guidance. However, those who fail to meet standards will face strict enforcement.

What This Means for Tourists

For travelers, exchanging money at unauthorized counters can be risky. Scams can happen in subtle ways from hidden fees to incorrect cash counts.

To stay safe, tourists are strongly advised to:

  • Only use licensed money changers that clearly display a Bank Indonesia permit.

  • Double-check exchange rates online before making a transaction.

  • Count your cash on the counter before leaving.

  • For larger amounts, consider using ATMs, bank branches, or hotel-approved services.

Why This Matters for Investors

For property buyers and investors, this crackdown is part of a broader effort to strengthen Bali’s financial ecosystem. A transparent and trustworthy system benefits not only short-term visitors but also those making long-term commitments to the island, such as purchasing a villa or running a business.

By addressing illegal financial activities, Bali continues to position itself as a safe and reliable environment for both tourism and property investment.

Final Thoughts

Bali’s charm continues to attract millions each year, but like any popular destination, it comes with challenges. The government’s move to close down unlicensed money changers is a positive step toward protecting tourists, building confidence, and reinforcing Bali’s reputation as not just a paradise to visit, but also a secure place to invest in real estate.

When in doubt, always choose transparency, whether it’s exchanging money or making an investment.