Ammon News - The value of returned cheques in Jordan fell to JD 74.3 million in October, compared with JD 134.4 million in September, according to statistics released by the Jordan Payments and Clearing Company (JoPACC).

According to the monthly report reviewed by "Ammon News", the total number of returned cheques in October reached 11,800. Of these, 62.5% were returned for financial reasons, amounting to 7,395 cheques worth JD 45.46 million, while 37.5% were returned for technical reasons, totaling 4,446 cheques worth JD 28.84 million.

The number of cheques processed in October also declined by 15.7% to 448,000, with a total value of approximately JD 3.54 billion, compared with 532,000 cheques worth JD 3.8 billion in September.

The percentage of returned cheques out of total processed cheques also fell to 2.10% in October, compared with 3.54% in September.