Iran raising bar on check transactions
The value of checks exchanged in Iran rose 21%, and their quantity increased 22.5 percent in the second month of the Iranian year. Nearly 9.8 million checks worth 9.32 quadrillion rials ($15.4 billion) were exchanged. One million checks valued at 1.34 quadrillion rials ($2.22 billion) were refunded due to insufficient account balances.
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