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Cheque Clearing House (CCH)

Currently, the CBE operates the Cheques Clearing House (CCH) and Governmental Cheques Clearing House (known as  Financial cheques clearing house -FCCH) which process around 70 thousands cheques per day. The CBE targets reducing that number of paper cheques along the coming years to enhance efficiency of flow of cash and reduce operational costs of processing paper cheques following a number of Central Banks worldwide, mainly by providing alternate tools for making payments in the market, one of the alternate tools is the Direct Credit instrument in the Automated Clearing House, A project is undergoing with Ministry of Finance to pay all Government vendors obligations directly through ACH instead of normal government cheques.