Business | Banking
Central bank postpones cheque rule implementation
Following publication of news items in some section of the press that all banks and other establishments have started accepting only machine readable cheques (MRCs) panic has spread among bank customers across the UAE
- By Babu Das Augustine, Deputy Business Editor
- Published: 09:36 January 5, 2011
- “There is no reason for anyone to panic. Banks will continue to accept old cheques and there will be sufficient grace period before the new deadline,” said a banker.
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