UAE banks returned 1.43m cheques worth Dh77b last year
|By Saifur Rahman| As many as 1.43 million bank cheques – worth Dh75.77 billion (US$20.64 billion) – out of 31.36 million issued in 2016 were returned, according to the UAE Central Bank. On an average, each bounced cheque carried a sum of Dh52,732. The number of cheques placed with banks averaged 2.61 million per month, or nearly 85,933 per day. The total amount of money involved in 31.36 million […]