Checks Cross $7.6b in 1 Month

More than 7.2 million checks worth about 991 trillion rials ($7.65 billion) were drawn in Iran during the second month of the current fiscal year (started May 21), the Central Bank of Iran’s latest report announced.

Financial Tribune- The figures indicate a 34% and 83.1% increase in the total number and value of checks issued, respectively, compared with a month earlier, CBI’s official website reported.
About 52.1% of the total checks changed hands in the provinces of Tehran, Isfahan and Khorasan Razavi, which collectively grabbed a majority of the checks with a respective individual share of 34.6%, 9.8% and 7.7%.
According to the report, about 2.5 million checks worth over 518 trillion rials ($4 billion) changed hands in Tehran during the period.

Jun 30, 2019