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

The Rise of Electronic Payments

As the 21st century approached, electronic payment systems began to dominate the financial landscape, challenging the traditional cheque model. Online banking, credit cards, and digital wallets offered consumers more convenient and instantaneous methods for conducting transactions. Despite this trend, cheques remained a staple for certain demographics and transactions, particularly in real estate and business payments. The coexistence of cheques and electronic payments led to discussions about the future relevance of cheques in an increasingly cashless society.