Economy, Business And Markets

Bounced Checks in Decline

Bounced Checks in Decline Bounced Checks in Decline

The number and value of bounced checks from all checks has continued to decrease for another month, the Central Bank of Iran announced.
Based on the latest statistics published by the regulator on its website, a total of more than 9.64 million checks worth about 665 trillion rials ($14.61 billion) were written in Iran during the 10th Iranian month to Jan. 20, of which more than 1.43 million checks worth about 129 trillion rials ($2.83 billion) bounced.
A total of 3.49 million checks worth about 397 trillion rials ($8.72 billion) were issued in capital Tehran during the period, of which more than 500,000 checks worth about 67 trillion rials ($1.47 billion) bounced.


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