"Saudi Arabia has seen a 73 percent drop in the number of bounced checks since 2009, following the start of a government campaign aimed at consumers and businesses.
The decline in the total value of bounced checks was even greater, falling to SR3.8 billion in 2012 from SR15bn in 2009, marking a decrease of 74.6 percent, according to a report by the Saudi Credit Bureau (SIMAH).
SIMAH also provided figures on how many personal and commercial checks bounced. From 2009 to 2012, the total number of personal bounced checks decreased by 63 percent. The total number of commercial bounced checks decreased by 67 percent within the same time frame."
'via Blog this'
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