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CBJ statistics show slight drop in number of bounced cheques

By Petra | 03:16 January 8, 2016 |
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AMMAN — The Central Bank of Jordan (CBJ) announced Thursday that 10.6 million cheques were presented for clearing last year, compared to 11.1 million during 2014. It indicated that the number of bounced cheques declined to 4.9 per cent in 2015 from 5 per cent in the previous year.

The cheques that bounced due to insufficient funds last year came at 3 per cent and those for other reasons stood at 1.9 per cent. In terms of value, the cheques that bounced amounted to JD1.7 billion, representing 3.6 per cent of the total JD48.1 billion that were processed.

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