Britons snap up foreign currency

The Post Office has revealed that the credit crunch is not hitting demand for foreign currency.

Figures from the organisation showed that September's sales of Turkish lira are 20% up on the same period of 2007.

This means it is one of the fastest-growing currencies among British holidaymakers, which suggests that Turkey will be a popular hotspot for tourists over the next few months.

Helen Warburton, head of travel services at the Post Office, described this month's sales of foreign tender as "buoyant".

She commented: "It would not have been a surprise to see a dampening in demand, but there has been no obvious sign of this to date."

Ms Warburton highlighted the recent collapse of XL Airlines, as well as the ongoing economic crisis in the UK, as factors which had been tipped to hit currency sales.

The findings come after the Association of British Travel Agents highlighted Turkey as a popular summer holiday destination among people from the UK.

Statistics from the group showed that the number of summer bookings for trips to the country went up by 20% this year.

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