Check Payments Rise

The value of checks rejected in the calendar month to May 22 shot up 65.2% on the earlier month to reach 513 trillion rials ($1.04 billion) while their volume stood at 600,000 – down 33.2%, according to data released by the Central Bank of Iran.
More than 7.7 million checks worth 4,814 trillion rials ($9.82 billion) were drawn in the month rising 19% in volume and 46.6% in value from the earlier month.
In volume and value, the rejected checks accounted for 7.8% and 10.7% of all drawn checks, respectively.