Study to develop new system for issuing electronic cheques: Governor of QCB ...Qatar

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Study to develop new system for issuing electronic cheques: Governor of QCB
The Governor of Qatar Central Bank (QCB), HE Sheikh Abdullah bin Saoud Al-Thani, said Tuesday that the bank is currently looking into the development of a new system for issuing electronic cheques in coordination with the official authorities in the country to be a substitute for the use of paper cheques, to bring down the number of bounced cheques with all its causes, whether technical or financial. In an exclusive interview with Al-Raya newspaper published Tuesday, His Excellency said that the new controls recently issued by the Central Bank would limit bounced cheques. The bank is currently working on updating cheques instructions on an ongoing basis in coordination with the official b

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