Decline in Bad Checks

About 5.4 million checks worth an estimated 541 trillion rials ($3.82 billion) were transacted in the first month (March 21-April 21) of the current fiscal, of which almost 525,000 were bad checks worth 58 trillion rials ($409.8 million).

Financial Tribune- Among all the checks exchanged during the month, about 10.8% were returned by the banks.
According to a report published in the Central Bank of Iran website, the bounced checks were 21.7% less in value and down 40.1% in volume compared to the previous month.

Publish Date: May 29, 2019