The new check law will reduce credit risk
Economic expert: The new Czech law is the best innovation that has been done in recent years in the field of economic policy of the country because this law can reduce credit risk in society.
According to the International Iranian Stone Exhibition, Ali Saadvandi said regarding the implementation of the new Czech law: "In my opinion, the new Czech law is the best innovation in the field of economic policy in recent years because this law can reduce credit risk in society."
He added: "According to the new Czech law, if someone in the community needs credit, he can create this credit through the check and erase it on the due date so that it does not cause inflation."
Referring to the role of checks in the economy, the economist said: "The best kind of private money are the same checks that are available in the market, and anyone can draw a check on their own credit and with their own support, and if it has credit, the check circulates in society. If not, the check will not circulate.
Saadvandi stated: "Currently, the interest rate in the country's economy is very high and a high interest rate means a decrease in investment in the country, which has led to a negative growth rate of the country's capital in the last decade; An issue that can be managed by reducing bank default.
He said: "One of the most important cases of default is returned checks, and the new check law has been successful in reducing returned checks, and it is hoped that with the reduction of returned checks, the default will also decrease."
"Of course, the new Czech law sets a credit limit for everyone, which can be restrictive, and I do not know why this credit limit is included in the good and progressive Czech law," he said.
