Created: 12 June 2012
Money often presents one of the biggest challenges in preparing for an international trip. Will your credit card work overseas? Can you use your ATM card? Should you carry lots of cash? It's always best to be prepared, so that you don't find yourself in a foreign country without the financial resources you need. You can count on Myths and Mountains to make sure you have all the information you need before you go.
In Bhutan and other Asian countries, things operate very differently than in North America. Just because the ATM in your bank at home works, does not mean that the ATM in Bhutan will accept your card. In fact, it won't. Just because you have a platinum American Express Card does not mean that the antique store in Thimphu will allow you to buy that beautiful basket. In fact, it won't. Bhutan will sometimes accept Visa, but no other credit cards, and travelers cannot use local ATMs. Myanmar does not accept any credit cards and has no ATMs at all. In other countries such as Nepal sometimes the ATM works - but invariably, when you need it most, it doesn't!
For countries such as these, the best thing to do is to bring dollars in cash and change them into the local currency. If you are nervous about carrying a lot of money, break it into two packets and put them in separate parts of your travel gear. Then hope you remember where you put everything!