Slight Rise in Bad Checks

An estimated 227 trillion rials ($908 million) worth of checks bounced in the month to Feb 18 -- up 8.8% compared with the earlier month. 
The Central Bank of Iran said the number of bad checks reached 697,000 indicating 2.7% rise in one month.
Compared to the corresponding period last year, bad checks dropped 3.1% in number while almost doubling (95.2%) in value. The steep increase in value of transacted checks is normally linked to a price inflation.