Check Transactions Up 49%

Check transactions rose sharply on a monthly basis in the second calendar month to May 21 after posting steep decline a month earlier.   
The number of issued checks jumped 20.9% to reach 6.3 million in the month, according to data released by the Central Bank of Iran. 
Transacted checks were up 49.2% in value at 2,742 trillion rials ($8.8 billion). The sharp rise is said to be due to businesses returning to normal in the said month from the previous month when markets were closed for two weeks due to the Persian New Year holidays.