UAE economy ‘crippled’ if cheques are scrapped, says banks chief | The National:
"Abdul Aziz Al Ghurair, the head of the UAE Banks Federation, said that the current system of reliance on post-dated cheques was the best available to the country, and if it were suddenly scrapped “it would cripple the economy”.
Mr Al Ghurair, who is also the chief executive of Mashreq, said that the cheques system should only be reconsidered if a “holistic solution” to the present practice was found. “We don’t want to unplug a system that’s working. The whole country is dependent on the cheque system."
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