Thomas Cook has launched the first travellers cheque in the new euro currency — the closest form of euro cash to be available before January 2002.
The cheque, which is available to buy worldwide 1 January 1999, will enable holidaymakers to get used to transacting in the Euro currency before the notes and coins are introduced, which is not until January 2002 in the first participating countries.
John Hempsey, managing director, financial Services, The Thomas Cook Group, said: “Euro travellers cheques are an excellent way for people to start getting used to the new single currency. And, as with all foreign currency travellers cheques, including the new Euro travellers cheque, holidaymakers know in advance exactly how much foreign money they have to spend. They are therefore guarded against fluctuating exchange rates whilst abroad, and they don’t need to waste valuable holiday time shopping around for the best exchange rates.”
This cheque will bring the number of currency travellers cheques Thomas Cook offers to 13 and will be available to buy through numerous Financial Institutions, travel shops, and bureaux de change across the globe. A key advantage of Thomas Cook’s travellers cheques is that they offer security, as they can be quickly replaced, usually within 24 hours, if they are lost or stolen, backed by Thomas Cook’s 24 hour-a-day, 365 day-a-year global refund service.
The new Euro travellers cheques will be accepted globally, but holidaymakers will find them particularly useful in the 11 countries which are set to enter EMU in January next year. This includes seven countries for which Thomas Cook does not currently provide currency cheques – namely Austria, Belgium, Finland, Ireland, Italy, Luxembourg and Portugal – as well as France, Germany, the Netherlands and Spain. The currencies of all these countries will be fixed against the Euro from 1 January next year.Details