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ECONOMY

Value Of Bounced Cheques Drops In July

Value Of Bounced Cheques Drops In July

The value of bounced cheques recorded a sharp drop of 69.2% in July this year compared to June, data released by the Central Bank of Cyprus yesterday show.



In particular, in July, 33 bounced cheques were included in the preliminary list of the central information register of a value of €43,949 while in June 43 bounced cheques had been included of a total value of €142,792.


A total of 16 persons, 7 individuals and 9 legal persons, were included in the preliminary list. 


It is also noted that from 24 March 2020 until 15 May 2020 the timeframe of 15 days to present again a cheque by an account holder with insufficient funds before it would be included in the register had been suspended.

 

Source: CNA

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