2.4.4. Cheque Clearing System

Relying on the power entrusted by the Law on Cheques, the Interbank Clearing House (ICH) conducts its activities under the supervision of the CBRT.

As cheque clearing transactions constitute a large share in payment systems, the uninterrupted and smooth functioning of them is of great importance. Accordingly, so as to improve the quality and efficiency of this system, technological developments and needs are closely monitored and necessary upgrading is carried out promptly.

The number of cheques subject to settlement in the interbank clearing house became 18.2 million while the amount became TL 275.4 billion in 2011. In 2012, the number of the said cheques climbed to 18.5 million and the amount became 316.8 billion in 2012 (Graph 26).