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UAE unveils e-cheque clearing system
- United Arab Emirates: Tuesday, July 15 - 2008 at 14:48
The Central Bank of the UAE has introduced an electronic image based cheque clearing system to enable fully electronic clearing of cheque regardless of where they are presented. in the country. During initial operation of the system the Image Cheque Clearing System, cheques will clear within a maximum of 36 hours, reported Khaleej Times.
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Jeff Florian, Senior ReporterTuesday, July 15 - 2008 at 14:48 UAE local time (GMT+4)
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