The village community of Kuta in South Bali has organized a special team to monitor the activities of moneychangers working in their area. The village chief of Kuta Village said the decision to form the supervisory team was taken at a village gathering held in june. The teams delegated to monitor and detect unlicensed money changers perpetrating fraud against visiting tourists were tasked to operate for a two-year period 2016-2018. The monitoring teams to close down illegal moneychangers in Kuta will coordinate their efforts with the Bali branch of Bank Indonesia. In a joint statement, Bank Indonesia and the traditional village of Kuta pledged to help socialize the licensing requirements for businesses offering money exchange services; to work together in the supervision and control of moneychangers in Kuta, and to exchange information on the operation of local moneychangers. Working with a team of 30 Kuta village members, around 19 illegal money changers have already been forced to close in Kuta. Warnings have also been issued to landlords who rented shops or counter space to illegal money changing operators. The continuing work of the community-based teams monitoring illegal money changers would help protect Kuta’s reputation as a top tourism destination.
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