 Tsarong was prominent in the economic affairs of Tibet throughout the 1930s and 1940s.Following the death of the 13th Dalai Lama in 1933, Tsarong was appointed the Head of the Arsenal-Mint, the Grwa bZhi dNgul Khang (གྲྭ་བཞི་དངུལ་ཁང).This department had a number of functions, including to improve the quality of paper currency, stock pile arms, and to introduce electricity into Lhasa.