What about returned checks?

According to the Iran Economist, the latest statistics released by the Central Bank on the flow of checks show that in February of last year, more than 6.3 million checks worth about 265,900 billion tomans were exchanged, which in terms of number and The amount is reduced by 3.5 and 1.4 percent, respectively, compared to January.

On the other hand, more than 5.7 million items with a value of 233 thousand and 200 billion tomans have been received from exchange checks, which in terms of number and amount are reduced by 4.1 and 2.5 percent, respectively. In addition to the received checks, more than 567 thousand checks were returned, which in terms of number and amount of returned checks increased by 2.7 and 7.1 percent, respectively.

Also during this period, more than 2 million checks with a value equivalent to 135 thousand and 100 billion tomans have been exchanged in Tehran province, which indicates that Tehran province is the leader in the exchange of checks in the country. Checks received in Tehran have been reported to be more than 1.8 million items worth 122,400 billion Tomans and returned checks have been reported to be worth more than 163,000 items worth more than 12,700 billion Tomans.

Amount of returned checks by causes

In addition, in February of last year, about 550,000 checks worth more than 31,700 billion tomans were returned due to deficits or existing shortages, which in fact were 96.9 in terms of number and 97.2% in terms of value. Of all the checks returned were due to deficit or lack of inventory.

On the other hand, in Tehran province, more than 156 thousand checks worth 12 thousand and 200 billion tomans have been returned due to deficit or lack of inventory. The return was due to deficit or lack of inventory to all returned checks.

What percentage of checks are encrypted?

Also, more than 6.1 million items were received in the whole country this month, of which 5.7 million were regular items and more than 0.4 million were encrypted items; Thus, in the whole country, 93.1% of the total checks received are regular checks and 6.9% are encrypted checks.

In terms of amount, out of more than 528 thousand billion Tomans of checks received in the whole country, up to 233 thousand and 200 billion Tomans for ordinary checks and more than 294 thousand and 800 billion Tomans were special checks for encrypted checks. Accordingly, in the whole country, 44.2% of the total amount of received checks are ordinary checks and the other 55.8% are encrypted checks.

According to this report, in February of last year, about 428 thousand encrypted checks worth about 294 thousand and 800 billion tomans were received in the whole country, which is a decrease of 5.9% compared to the previous month and 1.1 in terms of amount. The percentage has increased.

But in the month under review, in Tehran province, more than 141 thousand encrypted checks worth more than 234 thousand and 300 billion tomans were received, which in this month, 50.4% of the number of encrypted checks received in the three provinces of Tehran (33%) , Isfahan (9.5%) and Khorasan Razavi (7.9%) were collected, which had the highest share compared to other provinces.
Also, 85.1% of the value of superior checks in the provinces of Tehran (79.5%), Isfahan (3.1%) and Khorasan Razavi (2.5%) has been collected.
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