Value of bouncing cheques falls by half this year

The number of bounced cheques dropped to a paltry 23 in September, with a total value of €72,185, according to the preliminary list issued by the Central Bank of Cyprus (CBC).

Specifically, data published by the CBC revealed that 23 cheques, of a total value of €72,185, were issued in September 2024. This marks significant decrease compared to September 2023, in which 26 cheques of a total value of €276,202 had been issued.

This follows the general downward trend for the year.