More than 642,000 checks bounced in the fourth Iranian calendar month to August 22, up 9.5% in volume on the month before.
The checks were worth 395 trillion rials ($1.2 billion), indicating 14.5% decline in value on a monthly basis, the Central Bank of Iran reported.
Bad checks accounted for 9.1% of total drawn checks, and 11.4% of the volume of all drawn checks in the month, indicating improvement on the month before and the same period last year.
Add new comment