Cyprus Mail

Bad cheques reach €2.8 million this year

The value of bad cheques reached €2.8 million in the period between January and October, the Central Bank (CBC) said on Tuesday.
Around €146,000 worth of bad cheques were issued in October.
The CBC said 1,921 cheques bounced between January and October with 575 individuals and 417 companies placed on a preliminary blacklist.
October saw €146,457 worth of bad cheques issued compared with €440,456 during the same month last year.

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