Many travel Tibet to immerse themselves in a place drastically different than the one they come from. As any traveler knows, the norms of day-to-day life vary drastically around the world. Whether it be using public transportation or ordering food at a restaurant, navigating these differences can be challenging! While many of these challenges lead to fun filled adventures, when it comes to accessing or using money no one wants trouble. Lhasa based travel agency TibetTravelExpert shares some new tips for avoiding money related hassles.
Cash Is King
Travelers should expect to make nearly all of their purchases in cash. With the exception of a Tibet travel agency and a few high-end hotels, most merchants do not accept international credit cards or debit cards. However the Bank of China, in Lhasa, can process cash advances from many major credit cards.
There Are Also ATMs
Reliable ATMs are available in a variety of locations; travelers have reported success using Bank of China and International Construction Bank of China ATMs. Not all banks process international ATM transactions. To avoid problems accessing funds it’s best to withdraw cash before leaving Lhasa.
How To Prepare
The local currency is the Chinese Yuan (RMB). If arriving from Mainland China its best to spend Yuan coins before a Tibet tour, coins are typically not accepted in Tibet. For those arriving from outside China, currency exchange services are available at a variety of locations although banks usually offer the best exchange rates.
Trouble when trying to access or use money can be a nightmare, keeping in mind TibetTravelExpert tips for avoiding money related hassles can go a long way in preventing unnecessary frustration. In general credit/debit cards are not accepted but reliable ATMs are available throughout Lhasa. Also, we encourage travelers to exchange money at banks and spend any Yuan coins before coming to Tibet. Many challenges adjusting to day-to-day life in a new place lead to the discovery of charming cultural differences. However most travelers would agree that accessing or using money is usually not one of those challenges. For specific Tibet travel related questions travelers are welcome to contact TibetTravelExpert directly.