BAKU, Azerbaijan, July 8. The value of checks (banknotes) exchanged in Iran rose by 21 percent, while the quantity rose by 22.5 percent in the second month of the current Iranian year (from April 21 through May 21, 2025) compared to the first month (from March 21 through April 20, 2025)
The data obtained by Trend from the Central Bank of Iran (CBI) shows that 9.8 million checks valued at 9.32 quadrillion rials (about $15.4 billion) were exchanged in the country during the reporting period against over eight million checks, valued at circa 6.33 quadrillion rials (around $10.5 billion), in the first month of the last Iranian year.
During the second month of the current fiscal year, the nation
processed in excess of 8.8 million negotiable instruments,
aggregating an estimated 7.98 quadrillion rials, which translates
to roughly $13.2 billion in monetary value.
Moreover, a total of one million disbursements amounting to 1.34
quadrillion rials (approximately $2.22 billion) were reimbursed
throughout the corresponding timeframe. The monetary value of
refunded checks experienced a substantial uptick of 53.3 percent,
while the volume of transactions surged by 35.9 percent relative to
the preceding month. The disbursements are reversed owing to a
deficit in the account holders' available liquidity.
Iran implemented a negotiable instrument transfer framework in the
preceding fiscal year. Within this framework, financial
institutions are equipped to authenticate checks presented to them
via digital platforms, assessing the availability or absence of
funds.
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