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How do I process Travellers Cheques issued in a foreign currency?

April 26, 2017cheques currency foreign issued process travellers

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How do I process Travellers Cheques issued in a foreign currency?

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A. Travellers Cheques presented in a foreign currency should be viewed as foreign notes. Should you choose to accept Travellers Cheques in a foreign currency, you’ll need to determine the exchange rate and convert the transaction. Contact your bank for further details.