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2. Local Commercial Banks
In addition to Bank Indonesia, several local commercial banks in Yogyakarta also provide currency exchange services. Some of the popular banks include BNI, BRI, and Mandiri. These banks have a wide network of branches in the city, making them easily accessible for both locals and tourists. Although their rates may not be as competitive as Bank Indonesia, using local commercial banks for currency exchange is a convenient option, especially for small to medium-sized transactions.
3. Licensed Money Changers
Licensed money changers are another alternative for currency exchange in Yogyakarta. These establishments can be found in popular tourist areas, such as Malioboro Street and Prawirotaman Street. While the rates offered by licensed money changers may vary, they are generally competitive and often include a small service fee. It is important to note that using licensed money changers is recommended over unlicensed ones to ensure trustworthy and secure transactions.
When using currency exchange services in Yogyakarta, it is advisable to compare rates and fees to get the best deal. Additionally, it is recommended to exchange money at reputable establishments, such as those listed above, to ensure a smooth and reliable transaction.
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