Check Clearance Improves

Bounced checks reached an estimated 544,000 in the ninth calendar month ending Dec. 21, down 13.6% compared to the month before. 
Total value of the rejected checks was 255 trillion rials ($910 million) 16.3% less on a monthly basis. 
The Central Bank of Iran said bad checks declined 39.1% in  volume compared with the corresponding month last year while their value increased 9.5%.