Ammon News - The value of bounced checks decreased to JD109 million in July, compared to JD113 million in June, representing 2.97% of the total value of checks in circulation.

A statistics from the Jordan Payments and Clearing Company (JoPAC), which Ammon has reviewed, showed that the total number of bounced checks in July reached 17,300, of which 65.2% were returned for financial reasons, worth JD74.4 million, and 34.8% were returned for technical reasons, worth JD34.9 million.

The number of checks in circulation decreased by 2.1% in July, to 551,000, compared to 562,000 in June.

The total value of checks in circulation in Jordan last month reached JD3.68 billion, a 9.8% increase compared to June.

The value of checks circulating in Jordan during the past seven months of this year reached JD23.26 billion.

It is noteworthy that the number of checks in circulation in Jordan last year amounted to 6.51 million, with a value of JD40.3 billion.