Insider Economy Bounced cheques issued in Cyprus increase in August

Bounced cheques issued in Cyprus increase in August

Bounced cheques issued in August amounted to €75,840 marking an increase of 72% compared with the previous month, data released by the Central Bank of Cyprus (CBC) today show.

According to the CBC, 39 bounced cheques were issued in August compared with 33 in the previous month.

The value of bounced cheques rose to €75,840 compared to €43,949 in July 2020.

For the period of January – August the number of bounced cheques amounted to 282 compared with 629 in the respective period of 2019, marking a decline of 55% which is mainly attributed to the two-month lockdown enforced by the Cypriot authorities as part of the measures to limit the spread of the coronavirus pandemic.

The value of bounced cheques issued in the period of January – July 2020 amounted to €523,702 compared to €1 million in the respective period of 2019, marking a reduction of 48%.

Furthermore, 14 persons have been registered in the Central Information Registry’s preliminary list, of which 14 legal persons and 10 natural persons.

Total registrations for the period of January – August amounted to 182, the CBC added.


Top Stories

Global COVID death toll tops 2 million, one death every 8 seconds

  The worldwide coronavirus death toll surpassed 2 million, according to a Reuters tally, as nations around the world are trying to procure multiple vaccines...

244 new cases, out of 11,163 tests announced on Friday

The Health Ministry announced 244 new Coronavirus cases out of 11,163 PCR and rapid antigen tests on Friday, 15 January, taking confirmed infections to...

Where to get antigen rapid tests on Saturday

The Health Ministry announced the following antigen rapid test sites for Saturday, 16 January 2021:   LIMASSOL Tassos Papadopoulos building – TEPAK, Limassol 08:30-16:30 Church Agia Varvara, Zakaki...

President Anastasides to get the second dose of COVID-19 vaccine next Monday

Cyprus President, Nicos Anastasiades, will receive the second dose of the vaccine against COVID-19, next Monday at the Health Center of Latsia, according to...

Expert says milder version of pandemic likely to be present in 2022

Dr Constantinos Tsioutis, Assistant Professor, Internal Medicine & Infection Prevention and Control at the Department of Medicine of the European University Cyprus and head...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...