Noticeable Decline in Bad Checks

The value of bank checks rejected in the calendar month to April 20 declined 37.6% from the earlier month to reach 207 trillion rials ($690 million).
Bad checks in terms of numbers stood at 471,000, down 24.2% in one month, according the Central Bank of Iran reported.
Compared with the corresponding month of the last fiscal year, when the new check law came into force, the rejected checks dropped 24.2% in number. 
The sharp decline in part is attributed to the revised check rules that came into effect in March 2021 to help improve transparency and accountability and discourage fraud.