So, the departure date of your booked Tibet tours is closer and closer. You are excited and busy preparing everything. Except for packing the clothing and other stuff like sunscreen, the most important thing that bothers you may be about money. What kind of currency is used in Tibet? Can I use debit cards to take money from Automatic Teller Machine? Can I use credit cards to pay my bill? Where can I exchange money?... All the above questions need to be figured out before traveling to Tibet. Don’t worry, let’s solve them one by one.

The Circulated Currency in Tibet

What currency do Tibetan people use? The answer is no doubt to be Chinese Currency, i.e., CNY, or Renminbi in Chinese, or RMB because Tibet is an autonomous region of China. Here only refers to the paper money; the coin RMB is not acceptable in Tibet as there is no Tibetan language on it. As the world money, USD is acceptable in Lhasa and Shigatse at many hotels or restaurants.

Chinese Coins

Exchange Money in Tibet

If you start your Tibet tours from another city in China, like Beijing, Shanghai, Chengdu, etc., you can exchange money in any one branch of the four state-owned banks. Namely, Bank of China (BC), Industrial and Commercial Bank of China (ICBC), Agriculture Bank of China (ABC), and Construction Bank of China (CBC). But if you come to Tibet from Nepal directly, you can do this in Lhasa, Shigatse, Zhangmu, and Purang as well. For a small amount, you can exchange it with our tour guide. For the big one, the guide will lead you to Bank of China, the only bank in Tibet provides the exchange service of foreign currency and travelers’ checks. Of course, the receptions of some four or five-star hotels also offer money exchange only for the hotel guests. But they need to charge a handling fee, and the rate will be a little higher than the current cash buying rate that published by Bank of China. We suggest you change all your foreign currencies in Lhasa, the capital city of Tibet, as it’s the most convenient place compared with the other three mentioned before. And please keep some change, like 10, 20 or 50 CNY, which you can use in some remote rural area, such as Shannan, Ngari, Nyingchi, Nagqu; and the smaller one, like 1, 2, or 5 CNY (Yuan in Chinese), which can be donated to monasteries or those beggars you meet on the street. 

1 cent of Chinese currency

Debit Card

If you have worked or studied in China before, you must have at least one debit card from any Chinese bank. So, it’s easy to take money from automatic teller machines in Lhasa, Shigatse, Tsedang, Baiyi, Lhatse, Zhangmu, Saga. But please be noted that the ATMs are not widely distributed in Tibet, especially in some small places, for example, there is only one ATM in Lhatse. So, you’d better prepare enough cash in advance.

Credit Cards

With the development of tourism, credit cards are acceptable for more and more hotels, shops in Lhasa. After all, it’s the capital city of Tibet. But in other cities, it may not work well. Besides, it usually charges an extra 3-4% fee when you use credit cards to pay the bill.   

 

 

Related Articles & Posts

  • Best Time to Travel to Tibet

    Best time to visit Tibet depends on what you want to see and to do in Tibet. To make it clear, we list the best traveling time according to your tour destination or activities you want to get involved in, you will see the related seasons and weather accordingly. ...

  • How to Reach Tibet from the Philippines?

    For travelers from the Philippines, you have two route options to reach Tibet. You can either travel to Tibet via mainland China or via Nepal. The best option is via mainland China. Currently, you can fly to Beijing, Guangzhou, and Shanghai from Philippines directly. ...

  • Is It Okay for the Elderly to Travel to Tibet?

    Many travelers may wonder "if it's okay for elderly people go to Tibet", the answer is definitely YES as plenty of people above 70 years of age have been to Tibet. Here are caveats for your Traveling to Tibet including the acclimatization, altitude and weather. ...

  • Packing List for your Tibet Tour

    What to pack for Tibet? This article gives travelers a detailed packing list to make you well-prepared before your Tibet tour, especially for those first-time visitors. Also, we provide some tips to prevent the altitude sickness, as it's what you need to know before you Tibet journey. ...

  • Something You Need to Know Before Your Tibet Tour

    Tibet is worthwhile to take a tour because of its breathtaking views. You also have a chance to indulge yourself in the profound Buddhist Culture. Here we listed something you need to know before your Tibet tour by choosing proper route, time, packing, etc. ...

  • Is It Safe to Travel to Tibet?

    Tibet is a safe place with the low crime rate. Most dangers come from the physical environment, especially the altitude. However, you still need to know some potential safety hazards of Tibet, such as wild animals, food, valuables, Terrorism, etc. ...

  • Overland Routes to Tibet

    Some travelers prefer overland tours to Tibet for viewing as much as the amazing scenery along the road. However, the Tibet overland routes are usually very costly and not all of them are available. Right now, only Xinjing, Qinghai and Kathmandu to Lhasa overland tour are applicable. ...

  • Etiquette and taboos when traveling to Tibet

    You should know some good etiquette and taboos of Tibet when you stay in a Tibet family, visit the famous monasteries in Tibet and dine in Tibet Restaurant. ...

  • Towns & Sights in Tibet by Elevation

    Here Great Tibet Tour provides you with the towns & sights in Tibet by elevation, both in meter and feet, in order to give you a rough idea of what you will be dealing with, also to help you select towns & sights you will to visit which suits you best. ...

  • How to Tip Guide & Driver in Tibet?

    Tipping in Tibet is not mandatory, however if you go on a long trip out to EBC, western or eastern Tibet, your guide and driver will be expected a tip at the end of the trip, assuming all went well, and a satisfactory service is provided. ...

Ask a Quick Question? Ask below or call 0086-891-6873166
or Email Us