Central Bank announces implementation of the international system (IBAN)

Al-Mahrami discusses with Central Bank Governor latest economic developments.

Presidential Leadership Council member Abdulrahman Al-Mahrami received the Governor of the Central Bank of Yemen, Ahmed Ghaleb Al-Ma'baqi, on Sunday to discuss the latest economic and financial developments, the challenges facing the banking sector, and ways to address them.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

S. Korea's ITC exports rise 12.4 percent in 2025

South Korea's exports in the information and communication technology (ICT) industry rose 12.4 percent to a record high in 2025, due to strong demand from the artificial intelligence industry.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/19 Time 06:40:32
Latest News:

Military Meeting in Aden Discusses Implementing Directives to Enhance Security and Relocate Camps

Presidential Leadership Council Member al-Khanbashi Inspects Damaged Military Sites at Riyan Airport ..

Presidential Council Member Launches First International Flights from Rayyan Airport

Yemeni Ambassador Briefs Philippine Foreign Minister on Latest Developments

Prime Minister orders accelerating measures to pay unpaid salaries

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.