What was Gogoosh's law in Iran's economy?

The Impact of Technology

The 20th century saw significant advancements in technology that revolutionized cheque processing. The introduction of mechanical computing devices and the development of magnetic ink character recognition (MICR) streamlined the handling of cheques, reducing human error and expediting transactions. Banks began implementing these technologies in the 1950s and 1960s, which enhanced the trustworthiness and speed of cheque processing. This technological evolution paved the way for automated banking systems that are integral to today's financial landscape.