Leadership Council Holds Joint Meeting With Government To Discuss Topical National Issues, Comprehensive Deterrent Measures
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2026/09/02
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04:18:54
Latest News:
President al-Alimi Congratulates King of Norway on His Accession to Throne
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Latest News:
President al-Alimi Congratulates King of Norway on His Accession to Throne
Yemen Condemns Iranian Missile Attacks on Kuwait, Bahrain, Jordan, and Iraq
Foreign Minister Discusses Resuming Kuwaiti Development Funding for Yemen
Planning Minister Meets with British Ambassador
Ambassador Balfaqih Discusses Strengthening Bilateral Cooperation with Indonesian Official
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 -
Leadership Council Holds Joint Meeting With Government To Discuss Topical National Issues, Comprehensive Deterrent Measures
President al-Alimi Congratulates King of Norway on His Accession to Throne
Yemen Condemns Iranian Missile Attacks on Kuwait, Bahrain, Jordan, and Iraq
Foreign Minister Discusses Resuming Kuwaiti Development Funding for Yemen
Planning Minister Meets with British Ambassador
Ambassador Balfaqih Discusses Strengthening Bilateral Cooperation with Indonesian Official
Yemen Participates in Non-Aligned Movement Meeting in Belgrade
U.S. House Holds Hearing on Countering Houthi Terrorism and Protecting Red Sea Security
Prime Minister Receives Acting WFP Executive Director in Aden
Foreign Minister Discusses Expanding Humanitarian Cooperation in Yemen with Kuwaiti Red Crescent
