Business And Markets

Bad Checks Rise 9.5% 

Bad Checks Rise 9.5% 
Bad Checks Rise 9.5% 

Bounced checks in the third calendar month (ended June 21) reached of 374 trillion rials ($1.2 billion) up 9.5% monthly.
A total of 640,000 checks were rejected by banks in the month, indicating 4.6% increase, the Central Bank of Iran said.
Bounced checks accounted for 9.5% of the total number of checks and 10.9% of the value of checks drawn during the period. 
That was seemingly an improvement on the month before, when 9.8% and 12.4% of checks bounced in volume and value terms, respectively. 


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