PVA Association Ensures Naughty Money Changer In Bali Ubud Doesn't Have A Permit

Illustration: Photo: Doc. ANTARA

JAKARTA - The foreign exchange exchange association (PVA) in Bali ensures that foreign exchange businesses are not banks (money changers) caught naughty in the Ubud area, Gianyar, do not have a valid business license or illegal.

"We object to their illegal business changers because they do not contribute to the state, do not pay taxes and have similar businesses with licensed businesses," said Bali Foreign Exchange Affiliate Chair Ayu Astuti Dharma as reported by ANTARA, Thursday, October 16.

For this reason, he hopes that the authorities will take action, including fostering foreign exchange business activities instead of banks (KUPVA BB) that do not have a permit.

The reason is, the actions of these illegal activities in addition to bringing the impact to the legally licensed BB KUPVA and have the potential to damage the image of Bali tourism.

Currently, he continued, tourism on the Island of the Gods is growing after suri died due to the COVID-19 pandemic.

Previously, it went viral on social media for an employee of KUPVA BB in the Junjungan area, Ubud, Gianyar Regency, which turned out to be illegal and carried out fraudulent actions by reducing the amount of rupiah estimated at around Rp. 2 million.

The action was caught on a hidden camera owned by a foreign national who was exchanging foreign currencies into rupiah at that time.

Currently, Ubud Sector Police officers are investigating the case by examining an officer with the initials GSDY.

As an illustration, based on Bank Indonesia Regulation (BI) Number 18/20/PBI/2026 concerning KUPVA BB, KUPVA BB must obtain a business license from BI.

Meanwhile, BI oversees both directly and indirectly the money exchange business, as well as in conducting surveillance, the central bank has the authority to provide a letter of guidance and impose sanctions.

Furthermore, the regulation also stipulates that BI can give a written warning or recommend to the competent authorities to stop business activities and or revoke business licenses granted by the authorities to parties who do not have a permit.

Masyarakat dan wisatawan asing dapat mengakses situs https://www.moneychangerbali.com yang memuat informasi jaringan kantor KUPVA BB yang berizin di Bali.

Masyarakat juga dapat melaporkan dugaan keberadaan KUPVA BB diduga ilegal melalui tautan https://bit.ly/BI_Patrol ditindaklanjuti oleh pihak berwenang.

Sementara itu, berdasarkan data BI Bali hingga triwulan I-2025, terdapat 137 kantor pusat dan 413 kantor cabang KUPVA bukan bank di Bali.

Adapun perwakilan bank sentral itu mencatat total transaksi KUPVA bukan bank di Pulau Dewata pada triwulan I-2025 sebesar Rp6,18 triliun, terdiri dari penjualan sebesar Rp3,12 triliun dan pembelian sebesar Rp3,05 triliun.

Meanwhile, based on BI Bali data until the first quarter of 2025, there are 137 head offices and 413 KUPVA branch offices, not banks in Bali.

The central bank representative noted that the total transactions of KUPVA are not banks on the Island of the Gods in the first quarter of 2025 amounting to Rp6.18 trillion, consisting of sales of Rp3.12 trillion and purchases of Rp3.05 trillion.