Reform of cheque system long overdue

To understand the country’s problem with bounced cheques, it is helpful to imagine two cases.

In the first scenario, a man obtains a loan from the bank to pay his rent for the year. He then loses his job and is unable to keep up with his monthly payments.

In the second, a man obtains a loan from the same bank and transfers all the money out of the country in an attempt to defraud the bank and stops making payments.