AMMAN — The total value of bounced checks this January rose by JD25.7 million, a 24.7 percent increase compared to January 2021, according to the Central Bank of Jordan.
اضافة اعلان
The value of the bounced checks totaled JD131.4 million during the first month of 2022, compared to JD105.3 million from the same time last year.
The rate of bounced checks to legitimate checks reached 4.2 percent in January compared to 3.6 percent in January 2021.
The total value of legitimate checks submitted for clearance in January 2022 amounted to around JD3.1 billion, a 6.8 percent increase compared to JD2.9 billion from January 2021.
The number of legitimate checks in January 2022 amounted to 574,000 checks, a 5.5 percent increase compared to 544,000 checks in January 2021.
Meanwhile, the total value of bounced checks increased 4.5 percent last month despite the decline in number, reaching around 21,000 checks compared to 22,000 checks in January 2021.
However, the total value of returned checks due to balance insufficiency reached JD90.9 million — or 24.5 percent — in January compared to JD73 million from the same time last year.
The value of the returned checks due to other reasons declined by around JD40 million — or 25.6 percent — in January this year compared to JD32.3 million in January 2021.
The Central Bank also stated that the total value of bounced checks in 2021 declined by JD494 million — or 28.5 percent — compared to their value in 2020.
Prime Minister Bisher Al-Khasawneh previously decided to extend the imprisonment of debtors until the end of 2021, in accordance with a defense order.
The government stated that this decision would allow for the continuation of court proceedings and the adjustment of rights for both the debtor and creditor.
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