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Bounced checks in Iran rise 66% in 3 months

Business Materials 20 October 2014 15:54 (UTC +04:00)

Baku, Azerbaijan, Oct.20

By Fatih Karimov - Trend:

Bounced checks in Iran rose by 66 percent in the first 3 months of the current year.

According to official statistics, 17,000-20,000 checks are bounced everyday in Iran, Iran's Tasnim news agency reported on October 20.

In the first three months of the past year, some 12,000 checks were bounced in the country.

A look at the mentioned statistics shows that the number of bounced checks rose 66 percent year on year.

In Iranian calendar year 1392 (March 2013-March 2014), 5.082 million checks were bounced in Iran.

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