Currency

Currency 

In Tibet, the official currency is the Chinese Yuan (CNY), also called Renminbi (RMB). You cannot use dollars, euros, or pounds. All payments for hotels, food, transport, shopping, and tickets must be made in RMB. Planning Money Exchange in Tibet before your trip is very important. This Tibet currency guide helps travelers learn how to handle money safely.

RMB banknotes come in denominations of 1, 5, 10, 20, 50, and 100, while coins are less commonly used. It is a beneficial idea to carry small notes because many shops, street vendors, and taxi drivers may not have enough change for large bills like RMB 100. Keeping cash in multiple pockets or bags is also wise for safety.

Where to Get Currency in Tibet

The Bank of China (BOC) is the main and most reliable place to get currency in Tibet. Major branches are in Lhasa, Shigatse, and Zhangmu. The Lhasa main branch is located at Lingkhor Bei Lu 28, just north of the Yak Statue. There is also a sub-branch on Beijing Dong Lu, between the Kirey and Banak Shol Hotels.

The main branch in Lhasa can handle credit card cash advances, including Visa, MasterCard, American Express, and Diners Club, as well as traveler’s checks. Other branches may only process checks and have limited services. Some big hotels in Lhasa, like the Lhasa Hotel or Tibet Hotel, also provide currency services. Hotels are convenient, though rates may differ slightly from banks.

Accessing Cash with ATMs in Tibet

ATMs are in big cities like Lhasa and Shigatse. You can use Visa, MasterCard, and some American Express cards. Using ATMs is another convenient way to access cash in Tibet. Always withdraw enough cash in big cities before heading to remote areas.

Before traveling, inform your bank that you will be using your card in Tibet. This helps avoid your card being blocked. Also, check your daily withdrawal limits to make sure you can get enough money for your trip.

Mobile Payments in Tibet

Mobile payment apps like Alipay and WeChat Pay are now very popular in Tibet. Many restaurants, shops, taxis, hotels, and even street vendors accept them. Using mobile apps makes Money Exchange in Tibet faster and easier in cities.

Travelers can use these apps by linking their bank cards. Set up Alipay or WeChat Pay before arriving, as it can be hard to register in Tibet.

Remember, mobile payments may not work in remote areas with weak signals. Always carry some cash as a backup when visiting villages, monasteries, mountains, or rural regions. This way, you can pay for food, transport, or tickets easily.

Credit Cards in Tibet

Credit cards are rarely accepted. You may use them at:

• The Bank of China branches
• Some large hotels in Lhasa
• A few big shops or tourist hotels

Most markets, small hotels, taxis, local restaurants, and street vendors only accept cash. Always carry enough RMB for daily expenses. Credit cards are not a reliable way to access cash in Tibet.

Tips for Using Currency in Tibet

• Always carry your passport when exchanging money.
• Keep exchange receipts; you can use them to change leftover RMB back into foreign currency later.
• Carry small notes (RMB 10–50) for local shops, taxis, and markets.
• Do not rely on RMB 100 notes, as many vendors cannot provide change.
• Use ATMs in major cities only; do not expect them in small towns.
• Set up Alipay or WeChat Pay in advance.
• Inform your bank of your travel plans.
• Check exchange rates before traveling to Tibet for the best value.
• Plan ahead when traveling to remote areas; always have enough cash.

Proper planning and preparation make using currency in Tibet smooth, easy, and stress-free. By knowing where to get cash, using ATMs in cities, carrying small notes, and setting up mobile payment apps, you can enjoy Tibet without worrying about money. Following this Tibet currency guide ensures that how to exchange money in Tibet is simple and safe for all travelers.