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They are accepted at millions of financial institutions
and merchants around the world. They are issued in
the most popular currencies, including U.S. Dollars,
Pound Sterling, euro, Japanese Yen, and Canadian Dollars.
They are safe and refundable in case of theft. The
exchange rate of these Checks depends on the conversion
rate on the day of the credit transaction.
You can purchase Traveller's Cheques at thousands
of financial institutions and other locations around
the world.
Some of the most popular Traveller's
Cheques are:
i)
Thomas Cook
To locate the nearest Thomas cook center to your
place visit: www.thomascook.com/cgi-bin/wfu.com
ii) American Express
To locate the nearest American express center to
your place visit: home3.americanexpress.com/canada/scripts/tso.asp?path=vacation
There is a 1% or core commission charge for Traveller's
Cheques purchases. Buying Traveller's Cheques in small
denominations means carrying a bulkier package of
checks with you, but it also means that you have greater
control over the amount of Currency you receive each
time you cash one or more of these checks.
Most
shops, hotels, restaurants and attractions accept
Traveller's Cheques. Most of the international airports
also have exchange counters. Generally hotels offer
a low exchange rate compared to banks.
Most banks are open Monday to Friday from 9.00 a.m.
to 6.00 p.m. and on Saturday from 9.00 a.m. to 2.00
p.m.
US Currency
The currency of USA is the American dollar divided
into 100 cents, normally written as $ or US$. It is
usually issued in denominations of $ 1, $ 5, $ 10,
$ 20, $ 50, $ 100 etc. Coins are issued in denominations
of 1 cent, 5 cents, 10 cents, 25 cents and 50 cents,
popularly known as penny, nickel, dime, quarter and
half-dollar respectively.
You could exchange your country's currency for US
Dollars at major airports, banks and private exchange
companies. Hotels as a rule, do not provide a currency
exchange service. Most banks in USA are open Monday
to Friday from 9.00 am to 6.00 p.m. and on Saturdays,
from 9.00 a.m. to 2.00 p.m.
US Dollars Traveller's Cheques are the safest way
to travel with large amounts and they are accepted
at most locations.
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