The only currency accepted in Ladakh is Indian Rupee. US Dollars and Pound Sterling are the easiest currencies to exchange with Thomas Cook, American express and Visa being the most accepted traveler’s cheque.
The State Bank of India and the J&K Bank have branches at various places in Ladakh, with main branches in Leh and Kargil, where foreign exchange facilities are also available. The State Bank of India also operates an extension counter at the Tourist Information Centre located in the Dak Bungalow Complex, Leh. Hotels are also authorized to deal in foreign exchange, though these mainly serve in-house clients. There is no foreign exchange facility outside these two towns.
Credit Cards may not be accepted by most of the small hotels and restaurants except some antique shops. Therefore, it is advisable to carry sufficient Indian rupees in cash.