Business And Markets

Check Transactions Plunge

Check Transactions Plunge
Check Transactions Plunge

Data released by the Central Bank of Iran shows check transactions declined remarkably in the month ending Oct 22.
More than 5.4 million checks worth 2,005 trillion rials ($6.7 billion) changed hands indicating 25.7% decline in number and down 19.8% in value on the month earlier.
While retail transactions normally are higher in this calendar month marking the beginning of the school year, observers link the decline to other factors.


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