EconPapers    
Economics at your fingertips  
 

Seeking for solutions to bounced cheque: example of Turkey

Ezgi Basak Demirayak ()
Additional contact information
Ezgi Basak Demirayak: School of Law, Anadolu University, Turkey

Juridical Tribune (Tribuna Juridica), 2018, vol. 8, issue 3, 801-810

Abstract: The cheque, which has been replaced by money order and credit card in many countries, still remains as an important payment instrument in Turkey. Several sanctions are imposed for the use of bounced cheque in all legal systems in order to increase the credibility of cheque. In the early years of the Turkish Republic, there were no special sanctions imposed for the use of bounced cheque. Such lack of legal sanction for drawing bounced cheque led to an increase in the number of bounced cheque. The said abuse gave cause for certain sanctions on drawing bounced cheque. Considering bounced cheque fraud within the framework of Turkish Criminal Code did not however constitute a proper legal solution for post-dated cheque in particular. As such, Turkish lawmaker had the sole opportunity to define a new crime named “drawing bounced cheque” including imprisonment in the relevant code regulating cheque related issues. But the increase in the number of bounced cheque due to the economic crisis in the nineties made it necessary to find out a new solution. Accordingly, the Turkish lawmaker abandoned imprisonment and carried out a new regulation based on the acquis communautaire that led to the employment of the principle stated as “economic punishment for economic crime”. Since 2016, the QR-code cheque is also employed in order to prevent drawing of bounced cheque. This study aims to review the aforementioned measures with regard to bounced cheque and analyze the impacts of the QRcode cheque.

Keywords: Negotiable instrument; bills of exchange; bounced cheque; QR-code cheque; Turkish Commercial Code. (search for similar items in EconPapers)
JEL-codes: K22 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.tribunajuridica.eu/arhiva/An8v3/19.%20Demirayak.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asr:journl:v:8:y:2018:i:3:p:801-810

Access Statistics for this article

More articles in Juridical Tribune (Tribuna Juridica) from Bucharest Academy of Economic Studies, Law Department Contact information at EDIRC.
Bibliographic data for series maintained by Catalin-Silviu Sararu ().

 
Page updated 2019-06-29
Handle: RePEc:asr:journl:v:8:y:2018:i:3:p:801-810