Central Bank announces implementation of the international system (IBAN)

President al-Alimi: Unity has been Nobel Humanitarian, National Project for Southern, Northern Generations

His Excellency President Dr. Rashad al-Alimi, the Chairman of the Presidential Leadership Council, has directed an important address to the People of Yemen on the Occasion of the 36th Ceremony of the Republic of Yemen Marking 22nd of May.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

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.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/22 Time 08:32:53
Latest News:

Presidential Leadership Council Chairman Receives National Day Greetings from Russia and Japan

Deputy Governor of Taiz Meets German Embassy Official to Discuss Development Support

Minister of State for Women's Affairs Discusses Outcomes of Women's Summits

Deputy Interior Minister Meets with UN Envoy to Discuss Counter-Terrorism Efforts

Leadership Council Member Tariq Saleh Launches Development Projects in Western Coast with Saudi Support

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.