Business And Markets

Fewer Checks Rejected 

Fewer Checks Rejected 
Fewer Checks Rejected 

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.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment