AED 1.1 trillion worth of checks traded in the UAE within 10 months

Media IN / WAM 14 November 2018
The number of checks processed through the Emirates Check Clearing System was 22.5 million during the first 10 months of 2018, amounting to about AED 1.1 trillion, according to statistics issued today by the Central Bank of UAE.
The value of the checks, which were traded between January and the end of October, accounted for 73.3% of the value of checks carried out throughout 2017 amounting to AED 1.5 trillion, reflecting the continued economic activity in the country.
The central bank statistics showed that March is still the most active in the circulation of checks, which amounted to 2.4 million checks at a value of 118.5 billion dirhams, while the month of October in second place by 115 billion dirhams and then in January 112.3 billion dirhams and 112 billion dirhams and a month In August of this year with a value of AED 91.2 billion