Currently, Bank of China, China Construction Bank and Agricultural Bank of China have their branches in Lhasa, and you can use your credit card in Bank of China and up market hotels. ATM machines have been hooked up but we suggest you take some cash in case the network breaks down. US dollars can be accepted besides Chinese Yuan, but shops that accept American currency are very limited and you might not be able to get a good deal for the exchange rate. Exchanging your money to Chinese currency will be the best option for you, which can be done at the Bank of China and some hotels. You can cash your travellor’s checks in all Bank of China branches but cash advances of major credit cards can only be done in the main office of Bank of China.
In Shigatse, Bank of China, China Construction Bank and Agricultural Bank of China have their branches there. And ATM is also available, but not functioning well at the moment. Exchange of currency can be done in some hotels and Bank of China.
There is only Agricultural Bank of China in Shannan, so we suggest you take some cash. But you can exchange money at Tsedang hotel.
You can only find China Construction Bank and Agricultural Bank of China in Bayi Town, but without ATM. And you can not exchange foreign currency there, so you’ll need to bring enough cash if you are going to the remote areas in this region.
The only possible way for drawing money is the post office. So if you want to visit this region, you should take enough cash that ensures your expenses there! Must remember, there is no way to exchange foreign currency there.
Only cash is possible.