Thomas Cook, the foreign exchange and travel check unit of Germany's Westdeutsche Landesbank, will issue travel checks denominated in units of 50 and 100 euros as of Jan. 1.

The company provides checks in 12 currencies, including British and Cyprus pounds, French and Swiss francs, Spanish pesetas, German marks, Dutch guilders, South African rands, Japanese yen, and U.S., Canadian, and Australian dollars. However, France, Spain, Germany, and The Netherlands plan to withdraw their currencies from circulation over the next three years and replace them with the euro.

Thomas Cook is one of the oldest companies to issue travelers checks; it sold $13 billion last year.

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