Are travelers cheques considered cash

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2026-05-21 08:30

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Traveler's cheques are not considered cash in the traditional sense, as they are pre-printed, fixed-amount cheques that require a signature to be cashed. They can be used like cash for transactions and are designed for travelers to avoid carrying large amounts of cash. However, they must be cashed or exchanged for local currency, making them more of a secure payment method than actual cash.

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