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September Bounced Checks Reach 15.1K

September Bounced Checks Reach 15.1K

The Kingdom experienced an increase in the value of returned checks during September, reaching 134.4 million Dinars compared to 114.7 million Dinars in August, reflecting a 3.54% rise of the total checks circulated over the three months. The number of returned checks totaled 15.1 thousand, of which 61.1% were due to financial reasons and 38.9% for technical reasons. Meanwhile, the total number of checks in circulation declined to 532 thousand, with a value of 3.8 billion Dinars in September, down from 556 thousand checks valued at 3.81 billion Dinars in August. Since the beginning of the year up to September, the total value of checks circulated has amounted to 33.81 billion Dinars, with an annual decrease in both the number of checks and the total amount.

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