Chinese Currency is called Renmibi or RMB in short or also called Chinese Yuan. While in China-Tibet, it’s always practical to pay in local currency. US Dollars, Euro, Japanese Yen and Sterling Pounds and other convertible currencies can be exchanged in the “Bank of China” while in TAR. The 4-5 star hotels also provide money exchange facility. The exchange rate at the time of print is RMB 6.2 for every US dollars (April 2014).