Traveling Abroad - Currency For?

Feel free to post your economic, business and political news, reports, and predictions concerning the U.S., Canadian, and world economy here. Please keep threads and posts on-topic.

Traveling Abroad - Currency For?

Postby HelloMeteor » Mon Nov 15, 2010 9:10 pm

What kind of money would you take traveling abroad. Let's say you wanted to travel all over the world for a year, yet wanted to remain insured, so to speak against finding yourself in foreign country with access to an account full of USA cash that was essentially worthless, or worth much less than necessary. Obviously in any given year this is unlikely to be a problem, so you could assume that for most of your time you have access to money that is worth enough. But just in case , what would you carry as a back-up? Keeping in mind, you don't want to go through customs somewhere and have someone come upon a few gold coins. I was thinking some junk silver, but that might not be recognized throughout the world.
HelloMeteor
Penny Sorter Member
 
Posts: 86
Joined: Sat Oct 09, 2010 11:51 pm

Re: Traveling Abroad - Currency For?

Postby theo » Mon Nov 15, 2010 11:50 pm

I guess it depends where you are going. Will you be in developed areas? Swiss francs seem to be highly regarded in most places. Perhaps you could have Canadian and Australian dollars as well. Junk silver (both U.S. and Canadian) should be recognized in most areas.
theo
1000+ Penny Miser Member
 
Posts: 1742
Joined: Sat Jan 31, 2009 10:00 am
Location: Western Pa


Return to Economic & Business News, Reports, and Predictions

Who is online

Users browsing this forum: No registered users and 5 guests