During the period of January to March, cheques worth AED15.7bn bounced, according to Emirates News Agency. On an estimate, the bounced cheques accounted for 4.3% of the total value.
A report on Arabian Business reads “March registered the highest amount of cheques processed through the UAE Clearing System at AED124 billion, followed by January at AED117.7 billion and February at AED109.3bn.”