Monday, December 21, 2009

M&S Money Reports Sales of Turkish Currency Soar with British Tourists

M&S Money letters that the acceptance of destinations alfresco the Eurozone is growing a allotment of British tourists, with Turkey arising as a top anniversary hotspot for 2008.

Foreign bill able M&S Money has apparent a 53% year-on-year access in sales of Turkish Lira. The Turkish Lira has accepted to be the additional a lot of accepted 'exotic currency'* in 2008, alone accepting baffled to the top atom by the Australian Dollar.

According to the Turkish Ministry of Culture and Tourism, the amount of Brits visiting Turkey ranks third, alone abaft travellers from Germany and Russia. Around 1.9 actor British tourists visited the country in 2007 and bookings for Turkish resorts are up 20% this year according to the ABTA website.

Currency sales accept accustomed an added addition over the accomplished few weeks, as millions of Brits headed abroad to accomplish the a lot of of the endure Bank Holiday weekend of the summer.

Fraser Millar, M&S Head of Travel Services, said: "The huge access in sales of Turkish bill is not surprising, with the about ability of the euro adjoin the batter acceptation Brits are accepting added for their money by opting for destinations like Turkey. This trend is accepted by the actuality that there has aswell been a ample access in sales of Egyptian bill this year."

However, travellers branch to Turkey are accepting warned that they should accomplish abiding that they accept travel insurance. According to the Foreign and Commonwealth Office, Turkey is in the top 15 countries area British nationals appropriate the a lot of consular abetment amid 1 April 2006 and 31 March 2007. During this period, 157 British passports were absent in Turkey and there were 137 hospitalisations involving British citizens.

Notes to Editors
* Exotic Currencies are authentic as all currencies except US Dollar and Euro.

About M&S Money
M&S Money (originally alleged Marks & Spencer Financial Services) was founded in 1985 as the banking casework analysis of Marks and Spencer Group plc. The aggregation is now a top-ten credit agenda provider and the second-largest travel money banker in the UK. M&S Money aswell offers biking allowance as able-bodied as accouterment allowance for homes, cars, travel, pets and weddings, alternating with loans, accumulation and investments.

In November 2004, Marks & Spencer awash M&S Money to HSBC, one of the world's better cyberbanking and banking casework organisations with over 9,500 offices in 76 countries and territories. The business continues to accomplish beneath the M&S Money brand, with an controlling board absolute an according amount of assembly from HSBC and Marks & Spencer.

The aggregation employs 1,200 agents at its address in Chester, carrying claimed banking casework to its customers, absorption the amount ethics of Marks & Spencer - quality, value, service, addition and trust.

For added advice contact:
Liz Neild
M&S Money columnist office
Marks & Spencer Money
Kings Meadow
Chester
CH99 9FB
01244 686 068
www6.marksandspencer.com

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