100 Dollars American Express Travelers Cheque

American Express travelers cheques were once the dominant instrument for carrying funds abroad — at their peak in the 1990s, AmEx was processing tens of billions of dollars' worth annually. By 2006, that volume was collapsing under pressure from ATM networks and credit card acceptance abroad. This late-series printing by De La Rue reflects an instrument already in managed decline; AmEx would eventually suspend travelers cheque sales entirely in 2020.

De La Rue's involvement here is worth noting. The contract shifted security printing of these cheques away from earlier American production arrangements, bringing TDLR's thread and hologram integration — both visible in this issue — to a product that was simultaneously becoming obsolete.