Home Business News Brits hoarding £3bn in foreign currency

Brits hoarding £3bn in foreign currency

by LLB Editor
7th Jul 20 12:02 pm

Brits are currently hoarding more than £3.8 billion in unspent foreign currency, equating to £57 per person, shows a new study from financial analysts at AskTraders.com.

The analysis, which looked at the average amount of foreign currency brought home by holidaymakers, reveals that £3,807,984,041 is currently sat in drawers or wallets, unused.

Given the average food bill per household per week is £61.90, that means we could be holding enough foreign currency to cover almost a weeks’ worth of food for a family, or 22.8 loaves of banana bread, if you’re that way inclined.

Here’s where the money is being held right now:

Region Currency Held
East Midlands £275,141,808
East of England £355,681,544
London £508,863,514
North East £152,499,141
North West £418,543,912
South East £523,614,730
South West £320,558,952
West Midlands £337,937,576
Yorkshire and The Humber £314,263,115
Wales £163,719,682
Scotland £329,284,822
Northern Ireland £107,875,248

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