Fresh dollar checks
have increased 3.5 times

$354 million cleared in the first half of 2025

The value of cleared checks in fresh foreign currencies (FX) surged 3.5 times to $353.7 million in the first half of 2025 compared to the same period of the previous year, according to the Association of Banks’ data. Their number jumped by the same rate to over 26,000 checks.

The value of cleared checks in lollars and other foreign currencies stuck in banks, plunged by 51 percent to 383 million lollars.

The value of cleared FX checks was $17.2 billion in the first half of 2019. This is equivalent to nearly 49 times their value in fresh FX in the first half of 2025.

The average value per check in the first half of 2025 was $13,519 in fresh FX and 63,833 in lollars compared to just $6,070 in the first half of 2019. This reflects the fact that small amounts are currently being settled in cash transactions or through mobile applications and digital wallets.

The value of cleared FX checks was slowly declining even in the years preceding the crisis. It fell by 29 percent when comparing first half figures over the period 2016-2019.



Source: Association of Banks