Currency and Money Matters

At Druk Holidays Pvt Ltd, we strive to ensure that your travel experience is smooth and hassle-free. Understanding the currency and money matters in Tibet, Bhutan, and Nepal is crucial for managing your finances and making the most of your journey. Here’s a comprehensive guide to help you navigate the financial aspects of your trip to these fascinating Himalayan regions.

Tibet

  • Currency: The official currency of Tibet is the Chinese Yuan (CNY), also known as the Renminbi (RMB).
  • Denominations: Banknotes are available in denominations of 1, 5, 10, 20, 50, and 100 Yuan. Coins are available in 1, 2, and 5 Jiao, and 1 Yuan.
  • Exchange Rate: The exchange rate varies, so check current rates before your trip.

Bhutan

  • Currency: The official currency of Bhutan is the Bhutanese Ngultrum (BTN). Indian Rupees (INR) are also widely accepted at par with the Ngultrum.
  • Denominations: Banknotes are available in denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 Ngultrum. Coins are available in 1, 5, and 10 Ngultrum, and smaller denominations.
  • Exchange Rate: The exchange rate fluctuates, so it’s best to check current rates before you travel.

Nepal

  • Currency: The official currency of Nepal is the Nepalese Rupee (NPR).
  • Denominations: Banknotes are available in denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 1000 Rupees. Coins are available in 1, 2, 5, and 10 Rupees.
  • Exchange Rate: The exchange rate changes regularly, so it’s advisable to check current rates before your trip.

Money Exchange

Tibet

  • Where to Exchange: Currency can be exchanged at banks, major hotels, and airports. Banks like the Bank of China offer reliable exchange services.
  • ATMs: ATMs are available in major cities like Lhasa but may be limited in remote areas. Ensure your ATM card is compatible with international networks.

Bhutan

  • Where to Exchange: Currency exchange services are available at Paro International Airport, banks, and major hotels. The Bank of Bhutan and Bhutan National Bank are reliable options.
  • ATMs: ATMs are available in major towns and cities. However, they may not always be reliable, so carrying some cash is advisable.

Nepal

  • Where to Exchange: Currency can be exchanged at Tribhuvan International Airport, banks, and licensed money exchange counters in cities like Kathmandu and Pokhara.
  • ATMs: ATMs are widely available in cities and towns. However, they may charge a withdrawal fee, so it’s wise to check with your bank.

Credit and Debit Cards

Tibet

  • Usage: Credit and debit cards are accepted at major hotels, restaurants, and shops in cities like Lhasa. However, cash is preferred in rural areas.
  • Fees: Be aware of any foreign transaction fees your bank may charge.

Bhutan

  • Usage: Credit and debit cards are accepted at major hotels, high-end restaurants, and some shops in towns like Thimphu and Paro. Cash is necessary for smaller establishments and rural areas.
  • Fees: Check with your bank regarding foreign transaction fees.

Nepal

  • Usage: Credit and debit cards are widely accepted in major cities and tourist areas, but cash is preferred in rural regions and for small transactions.
  • Fees: Confirm any international transaction fees with your bank before using your card abroad.

Tips for Managing Money

  • Carry Sufficient Cash: Always carry some local currency, especially when traveling to remote areas where ATMs and card services may not be available.
  • Small Denominations: Keep small denominations handy for tips, small purchases, and transportation.
  • Multiple Payment Options: Use a mix of cash, credit, and debit cards to manage your expenses and ensure you have a backup in case one payment method fails.
  • Notify Your Bank: Inform your bank of your travel plans to avoid any issues with card transactions.
  • Secure Your Money: Keep your cash, cards, and important documents secure. Use a money belt or a secure pouch, especially in crowded areas.

Tipping Etiquette

  • Tibet: Tipping is not a traditional practice in Tibet but is becoming more common in tourist areas. Small tips are appreciated by guides, drivers, and hotel staff.
  • Bhutan: Tipping is customary in Bhutan. It is common to tip guides, drivers, and hotel staff. A small tip is also appreciated in restaurants.
  • Nepal: Tipping is widely practiced in Nepal. It is customary to tip guides, porters, drivers, and hotel staff. In restaurants, a tip of 10% of the bill is generally appreciated.

By understanding the currency and money matters for Tibet, Bhutan, and Nepal, you can ensure a smooth and enjoyable travel experience. At Druk Holidays Pvt Ltd, we are committed to providing you with all the necessary information and support for your journey. If you have any further questions or need assistance, please do not hesitate to contact our team.