Tuesday 03, July 2018 by Kudakwashe

UAE clearing system processed 12.06 million cheques in the first 2018


The value of the cheques that were circulated from January to the end of May, reached AED 1.5 trillion.


The Central Bank of the UAE (CBUAE) cleared 12.06 million cheques, 39.3 per cent of the total value of cheques that circulated in 2017.

Statistics from CBUAE showed that in the first five months of the year, the total number of bounced cheques reached 515,000, with an approximate value of AED 26.2 billion, reportedWAM

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