Iranians write $18 bln in bad checks
Azerbaijan, Baku, April 14/Trend M. Moezzi
Almost $18 billion in checks written by Iranians were returned over the eight month period, the donya-e eqtesad newspaper reports.
The figures were issued by the Central Bank of Iran (CBI) which said that in the first eight months of last year (Iran's solar year ended on March 19) one of every eight checks (12 percent) was returned because of insufficient funds. That's a five percent increase over the previous year.