Torrential rains in Taiz cause deaths of 15 people, widespread material losses
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Last Update: ،
2026/03/29
Time
09:58:24
Latest News:
Houthi terrorist militias bombard IDP camp south of Hodeida
Minister of Interior praises American support for Yemeni security services
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Latest News:
Houthi terrorist militias bombard IDP camp south of Hodeida
Minister of Interior praises American support for Yemeni security services
Minister of Planning discusses with WB joint efforts to expand development support
Minister of Electricity seeks American support for electivity
Vice Foreign Minister holds meeting with Yemeni Ambassadors to Arab countries
Central Bank announces implementation of the international system (IBAN)
[11/12/2024 05:59]
ADEN - SABA
The Central Bank of Yemen announced Wednesday the start of the actual implementation of the International Bank Account Number (IBAN) system.
This announcement came during an extensive meeting organized by the General Administration for Payment Systems at the bank, with the participation of representatives from commercial and Islamic banks operating in the republic.
During the meeting, the Deputy Governor of the Central Bank Dr. Mohammed Omar Banajeh highlighted the bank's interest in keeping up with global banking developments through support from the U.S. Agency for International Development (USAID).
He explained that the activation of the financial and banking performance system for Yemeni banks internationally aligns with the Central Bank of Yemen's plan and strategy to strengthen the financial inclusion program in Yemen, ensuring that banks operating in the Yemeni banking market comply with international financial and business standards, specifically ISO 13616.
Dr. Banajeh pointed out that the International Bank Account Number is characterized by the accuracy of banking transfers and the speed of execution at lower costs, which minimizes copying errors and avoids delays in executing electronic payments.
The Central Bank of Yemen announced Wednesday the start of the actual implementation of the International Bank Account Number (IBAN) system.
This announcement came during an extensive meeting organized by the General Administration for Payment Systems at the bank, with the participation of representatives from commercial and Islamic banks operating in the republic.
During the meeting, the Deputy Governor of the Central Bank Dr. Mohammed Omar Banajeh highlighted the bank's interest in keeping up with global banking developments through support from the U.S. Agency for International Development (USAID).
He explained that the activation of the financial and banking performance system for Yemeni banks internationally aligns with the Central Bank of Yemen's plan and strategy to strengthen the financial inclusion program in Yemen, ensuring that banks operating in the Yemeni banking market comply with international financial and business standards, specifically ISO 13616.
Dr. Banajeh pointed out that the International Bank Account Number is characterized by the accuracy of banking transfers and the speed of execution at lower costs, which minimizes copying errors and avoids delays in executing electronic payments.
Key words:
representatives - internationally - implementation - Administration - International - characterized - international - participation - developments - specifically -
Torrential rains in Taiz cause deaths of 15 people, widespread material losses
Houthi terrorist militias bombard IDP camp south of Hodeida
Minister of Interior praises American support for Yemeni security services
Minister of Planning discusses with WB joint efforts to expand development support
Minister of Electricity seeks American support for electivity
Vice Foreign Minister holds meeting with Yemeni Ambassadors to Arab countries
Yemen reiterates its full solidarity with Arab countries against Iranian aggressions
Governor of Mahra convenes meeting of Emergency Committee to deal with weather depression
Minister al-Sharjabi discusses with UNOPS Representative water, sanitation proiects
Minister of Public Works discusses with UNOPS representative road, infrastructure projects
