After a sharp decline in check use a month before, check transactions rebounded in the eighth month of the calendar month to Nov.21.
According to data published by the Central Bank of Iran, during the period the number of issued checks jumped 30.2% to reach 7.1 million.
In value terms, the drawn checks climbed 24.9% to stand at 2,505 trillion rials ($8.6 billion) in the month. A month before, check transactions plunged 25.7% and 19.8% in volume and value, respectively, reaching 5.4 million checks worth 2,005 trillion rials ($6.9b).
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