Business And Markets

Bad Debts Decline 11%

Bad Debts Decline 11% Bad Debts Decline 11%

The number of bad checks fell by 11.7% in the calendar month ending June 20, compared to a month earlier, the Central Bank of Iran reported.
Data published on the CBI website show that 881,000 checks were not processed by banks in the mentioned month.
In value terms, bad checks were worth 186 trillion rials ($808.6 million), increasing 11.2% compared to the earlier month. 


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