Jail sentences for bounced checks down by over 80% in 5 years

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A Central Bank of Iran (CBI) official says the number of people jailed in the country for bouncing checks has declined by over 80% in five years thanks to a new law that has tightened controls on who can use the document for making payments.

“In 2017, nearly 10 people were jailed everyday for bounced checks but this has currently been reduced to (an average of) one person per day,” said Mehran Moharramian, deputy CBI governor for modern technologies, on Saturday.









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