Customers can still write cheques of above the limit BUT his/her bank will take them through a process called collection meaning that payment rests with the paying bank, subject to a maximum period of 21 working days. Tanzania: With effect from March 1 2009, cheques with value of above TZS 10 Million are not to be accepted for processing in the clearing houses.
Second, in order to enhance its growth potential, Mexico should confront its domestic challenges, including those related to the consolidation of price stability. As always, my comments are entirely my own responsibility and do not necessarily reflect the views of the Bank of Mexico or its Governing Board.