EghtesadOnline: Central Bank of Iran data show a sharp increase in bad checks in the month to January 20 while there was no significant change in overall check transactions.
EghtesadOnline: The number of bad checks have increased in the calendar month to June 21 three months after enforcement of stringent new rules to help improve credibility of check transactions.
EghtesadOnline: The number of bad checks shot up in the month to Dec.20 reaching 893,000 or 31.1% higher compared with a month earlier.
EghtesadOnline: A total of 667,000 checks worth 104 trillion rials ($779 million) bounced during the calendar month to December 21, the Central Bank of Iran reported.
EghtesadOnline: The Central Bank of Iran in a directive has ordered banks and credit institutions to send it the names of the checkbook holders who have had more than 20 bounced checks times.
EghtesadOnline: The total value of bounced checks during the month to November 21 declined 2.5% compared to a month earlier while the volume showed a hike of 11%.
EghtesadOnline: Local banks saw a significant rise in the volume of bounced checks during the last calendar month ending July 22, according to the latest reports published on the Central Bank of Iran website.
EghtesadOnline: 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).