Implement the new law on issuing checks from the beginning of next year

Implement the new law on issuing checks from the beginning of next year
  • 2021-02-23
  • .
Central Bank Public Relations: The new law on issuing checks will be implemented from the beginning of next year, and according to it, new checks that are printed and published in purple must be registered and approved in the Sayad system at the same time as being issued and received.

According to the International Iranian Stone Exhibition, a special page of the new check law has been created in the Central Bank's information base with the aim of informing and educating the content of the new law on issuing checks to the public.

On this page, all the announcements and official interviews of the Central Bank along with educational videos about the new law on issuing checks have been published, and answers to frequently asked questions about this law are also available on this page.

People can access this page by visiting www.cbi.ir/page/20914.aspx.

Also, the public communication system of the Central Bank at 2706 is responsible for the new law on issuing checks.

It is worth mentioning that the new law on issuing checks will be implemented from the beginning of next year, and according to it, new checks that are printed and published in purple must be registered and approved in the Sayad system at the same time as being issued and received.

The endorsement and issuance of these checks on the carrier is not allowed and their transfer is done only through the fishing system.

According to this report, the new law on issuing checks will be implemented in stages and gradually, considering the need to raise public awareness and culture in the field of check law and reduce the challenges facing businesses.

In this regard, the director of the Central Bank Payment Systems Department has announced: Determining the accuracy and soundness of checks is one of the benefits of the new law, and registering check information in the Sayad system allows people to know the exact number and amount of returned checks issued by the issuer.