Turkey tests new policy on checking accounts
A paper by the Central Bank of Turkey published this month shows that a proposed increase in the amount that drawee banks are legally responsible to pay by the Turkish government would have an undesirable effect on cheque transactions and tighten access to credit during recessions.
Unlike the US economy and other modern economies where cheques are used in all kinds of daily transactions, cheques are almost exclusively used by merchants in the Turkish economy as more than 30m cheques are
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