Traveler’s currency

Domestic central bank money spent by individuals for business or private purposes abroad. Such movements are important for a country’s balance of payments statistics. – The introduction of euro cash has made the statistical recording of this item very difficult. It has since been supplemented or replaced by direct surveys of travelers on the basis of random samples (sample tests). – See cash transactions, travel agency, travel money, traveler’s letter of credit, traveler’s check – Cf. Deutsche Bundesbank Monthly Report January 2011, p. 32 ff (foreign circulation of banknotes issued in Germany; movements due to travel: here also results of the household survey on travel expenditure since 2002; p. 42: overview).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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