1.5 Million Checks Bounce in One Month
1.5 Million Checks Bounce in One Month

1.5 Million Checks Bounce in One Month

1.5 Million Checks Bounce in One Month

More than 9.6 million checks worth more than 615 trillion rials ($14.5 billion) were transacted during the eighth Iranian month of Aban (ended Nov. 21), of which 1.5 million checks worth 138 trillion rials ($3.27 billion) bounced.
The value of checks in the aforementioned month increased to 22.5% from the 21.3% registered in the previous month while the number of checks decreased slightly from 15.7% to 15.4%, the Central Bank of Iran announced on its official website.
This indicates that 15.4% and 22.5% of the total value and number of checks respectively in Aban comprised of bounced checks, whereas their share of value among total checks increased compared to the previous month and decreased compared with the same month of last year.
The share of bounced checks’ numbers among total checks has decreased compared to that of the previous month while the same share has increased compared to Aban of last year.
CBI noted that 97.1% of the checks in terms of numbers and 96.3% in terms of value bounced because of a shortfall in bank accounts.


Short URL : https://goo.gl/HvmXFK
  1. https://goo.gl/Fn9qew
  • https://goo.gl/nkJCV8
  • https://goo.gl/HgtHtN
  • https://goo.gl/aKd3FL
  • https://goo.gl/ZgJxWT

You can also read ...

US Sanctions on Iran Affect Trade With UAE
The latest US sanctions against Iran are forcing many Iranian...
New Government Policies Reduce Forex Demand
The implementation of new foreign exchange policies by the...
Failure to Safeguard Iran Deal Will Show EU Still a Paper Tiger
Just a few weeks ago, it seemed that the Iran nuclear deal...
Iraq to Respect Dollar Ban But Not All US Sanctions on Iran
Iraqi Prime Minister Haider al-Abadi stepped back from his...
Indian Tea Exporters Seeking Special Exchange Rate From Iran
The Indian tea industry has sought a special exchange rate...
Gold Coin Gains
The benchmark Bahar Azadi gold coin gained on Tuesday, as both...
Nvidia Rolls Out New Chip Technology for Filmmakers
Nvidia Corp on Monday released a new generation of chips aimed...
Google Tracks Your Movements, Like It or Not
Google wants to know where you go so badly that it records...

Add new comment

Read our comment policy before posting your viewpoints