8% Decline in Bounced Checks  

More than 586,000 checks bounced in the fourth Iranian calendar month to July 22, down 8.4% on the month before. 
The checks were worth 345 trillion rials ($1.2 million), indicating 7.7% decline in value on a monthly basis, the Central Bank of Iran reported. 
In terms of volume and value, bad checks accounted for 9.3% and 10.4%, respectively, of all drawn checks in the month.