Sunday , January 20 2019

UAE handles AED1.2trn cheques in 11 months

ABU DHABI / WAM

A total of 22.5 million cheques worth AED1.2 trillion were handled by the UAE Clearing Cheque System during the first 11 months of 2018, according to statistics released by the Central Bank of United Arab Emirates (CBUAE).
The cheques handled from January through November account for 80 percent of the total value of cheques handled throughout 2017, which stands at AED1.5 trillion.
On a monthly level, 2.1 million cheques worth AED97.8 billion were handled during November against AED118.2 billion during the same month last year. March was the best performing month, during which a total of 2.4 million cheques worth AED 118.5 billion were handled.

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