Money and Credit Card in Tibet

Foreign currencies cannot be used directly; they have to be converted into Renminbi (RMB) at all banks, bank branches or hotel at the exchange rate quoted on the foreign exchange marker on the day. The bank of China in Tibet is the bank which specializes in handling money exchange. Regarding the ATMs facilities, you won’t have any problems finding an ATM in Lhasa, Gyantse and Shigatse, although you probably won’t be able to find in remote areas or the smaller towns. However, this situation is changing, and ATMs are gradually spreading out across the land. It is recommended to keep some cash US dollars in your pocket.