Bounced Checks Decline

About 9.1 million checks worth 780 trillion rials ($17.68 billion) were transacted in Iran during the third month of the current fiscal year to June 21, showing a respective decline of 8.2% and 1.8% in terms of numbers and value compared to the previous month.
About 1.3 million checks worth about 135 trillion rials ($3.06 billion) bounced in that month, higher by 7% and 3.3% in terms of number and value compared to the second month, IBENA, the news website affiliated with the Central Bank of Iran, reported.
About 7.8 million checks worth about 645 trillion rials ($14.62 billion) were cleared in Iran during the third month of the current year, showing a respective monthly decline of 8.4% and 1.4% in terms of number and value.