Increase in Bad Checks

The value of bounced checks in the month to Sept. 21 jumped 7.9% compared to the earlier month to reach 205 trillion rials ($732 million).
The number of bad checks was 864,000 posting 8.8% growth compared with a month earlier, according to data released by the Central Bank of Iran. In terms of volume and value, bad checks accounted for 9.2% and 10.1% of all written checks, respectively.
In the reviewed period, 249,000 checks worth 90 trillion rials ($321.42m) bounced in Tehran accounting for 8.4% and 8.8% of volume and value of all transacted checks in the capital.