the latest money changer scam


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Posted by nasipadang on Wednesday, 31. March 2010 at 12:59 Bali Time:

So, i have had a few clients who have been scammed by money changers in the past week with this little doozey:

money changers in Jl Padma Utara, close to the Jayakarta Hotel and Ramada Camakila, are gladly changing money for an acceptable rate, but they are handing out OLD NOTES that cannot be used. for the first timer, this wont be found out until they go to spend these old notes and the shop keepers wont accept them.

so, beware, people. this is a new one on me, but it looks like someone in one of the banks is giving out old notes to these money changers, and they are profiteering hugely from it (assuming that the old notes are not exchanged for 'real' money)


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