GCC's Ministerial Council Confirms its Support for Yemen's Unity, Sovereignty, Calls for Designating Houthi Militias Terrorist Group
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Last Update: ،
2026/10/19
Time
07:13:42
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Latest News:
Yemeni Ambassador Discusses Escalating Houthi Threats with US Assistant Secretary of State
Zouba, Indonesian Deputy Foreign Minister Discuss Cultural and Educational Cooperation
Government Calls on Security Council to Condemn Houthi Escalation in Yemen
Al-Soqatari, al-Sharjabi Participate in Operational, Technical Mission of Water and Irrigation Management ..
Parliament Speaker Praises Kuwait’s Support for Yemen
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 -
GCC's Ministerial Council Confirms its Support for Yemen's Unity, Sovereignty, Calls for Designating Houthi Militias Terrorist Group
Yemeni Ambassador Discusses Escalating Houthi Threats with US Assistant Secretary of State
Zouba, Indonesian Deputy Foreign Minister Discuss Cultural and Educational Cooperation
Government Calls on Security Council to Condemn Houthi Escalation in Yemen
Al-Soqatari, al-Sharjabi Participate in Operational, Technical Mission of Water and Irrigation Management Improvement Project in Yemen
Parliament Speaker Praises Kuwait’s Support for Yemen
Al-Khanbashi Praises UNDP Interventions in Hadramout
Iraqi Prime Minister Receives Foreign Minister
Yemen Welcomes European Council's Statement on Houthi Terrorist Militias' Escalation
Yemen Calls on OIC to Designate Houthi Militias as Terrorist Organization
