3.5% decrease in returned checks, totaling 1.1M — JoPACC

(File photo: Jordan News)
AMMAN — During January and February of the current year, the number of checks circulated in Jordan reached 1.1 million, with a total value of JD6.5 billion, as reported by the Jordanian Payment and Clearing Systems Company (JoPACC).اضافة اعلان

According to statistics compiled by JoPACC, the number of returned checks in Jordan decreased by 3.5 percent in February compared to the previous month, reaching 18,000 checks last month compared to 18,700 checks in January, Khaberni reported.

The value of returned checks for February of the current year amounted to 125 million dinars, compared to JD143 million in January of the same year, with a decrease of 12.6 percent.

The statistics also revealed that 12,366 returned checks worth JD87.4 million in February were due to financial reasons, while more than 5,600 checks worth JD37.5 million were due to technical reasons. The percentage of returned checks for financial reasons was 69.9 percent, compared to 30.1 percent for technical reasons.

During February, the number of checks circulated in Jordan was 523,000 checks, compared to 537,000 checks in the preceding January, with a decrease of 2.7 percent.

The value of checks circulated during February amounted to JD3.25 billion, compared to JD3.35 billion in January of the same year, with a decrease of 2.8 percent.

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