Central Bank announces implementation of the international system (IBAN)

Shura Council Chairman Arrives in Cairo to Participate in Conference for Arab Parliament

Chairman of the Shura Council Dr. Ahmed Obaid bin Daghr, accompanied by his deputy Dr. Abdullah Abu al-Ghaith, arrived in the Egyptian capital, Cairo, Thursday to participate in the proceedings of the eighth conference of the Arab Parliament and Speakers of Arab Councils and Parliaments, scheduled to be held next Saturday at the headquarters of the League of Arab States.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/25 Time 09:00:12
Latest News:

Al-Arada Receives European Union and Netherlands Ambassadors

Al-Arada Receives Defense Minister, Chairs Meeting of Ministry Leadership and Armed Forces Command

Central Bank Board Approves Measures to Strengthen Financial and Monetary Stability

Yemen and ESCWA Discuss Strengthening Cooperation on Development Policies

Water Minister, Partners Review Progress on Water and Sanitation Projects

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.