New Rules Seem Efficient in Reducing Bad Checks

New rules governing check transactions have been apparently efficient in reducing bad checks, a lawmaker said, citing data released by the Central Bank of Iran. 
According to Nasrollah Pejmanfar, the ratio of bad checks to total drawn checks stood at 6.2% for checks issued under new rules since the beginning of the current fiscal year (March 20, 2021) up until the end of 10th Iranian month on Jan. 20. 
“This is 44% lower compared with the time before the new check transaction rules became law,” he was quoted as saying by IBENA, the news agency affiliated to Monetary and Banking Research Institute.