Central Bank announces implementation of the international system (IBAN)

Member P L C Mahmoud al-Subaihi, receives UN Envoy

Member of the Presidential Leadership Council Lieutenant General Mahmoud al-Subaihi received Wednesday the United Nations Secretary-General’s Special Envoy to Yemen Hans Grundberg, along with his accompanying delegation.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/08 Time 01:59:04
Latest News:

Prime Minister discusses with UN Envoy latest developments, importance of advancing the detainees file

Governor of CBY confers with UN Envoy over financial, economic situations

Minister Bamqaa discusses challenges facing oil, gas S sector with UN Envoy

Yemen, Norway discuss educational cooperation

Dr. Abdullah al-Alimi praises Germany's significant 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.