2.4.4. Cheque Clearing System

The Interbank Clearing Houses Center (ICH) performs its activities in Ankara and İstanbul Clearing Houses under the oversight of the CBRT.

The smooth and uninterrupted handling of the cheque clearing process, which plays a vital role with regard to payment systems, is of utmost importance. Therefore, with the aim of enhancing the quality and efficiency of services offered, technological developments and current needs are taken into consideration and required improvements are made.

The volume and value of cheques cleared in the ICH in 2012 were 18.5 million and 316.8 billion Turkish liras, respectively. In 2013, the volume of cheques cleared was 17.2 million and the value increased to 349.9 billion Turkish liras (Graph 28).