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Last Update: ،
2026/10/22
Time
10:22:09
Latest News:
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Latest News:
Foreign Minister Delivers Message from President al-Alimi to Chinese President
Houthi Militias Bombard Mosque, School in Jabal Saber, South of Taiz
Yemeni Foreign Minister Warns of Houthi Threats to Regional and International Security
Rasd Organization: 51 Civilians Killed or Injured in Taiz in One Week
Yemen, Türkiye Discuss Bilateral Relations and Latest Developments
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 -
European Parliament Calls for Designating Houthis Terrorist Organization, Confirms its Support for Yemeni Government
Foreign Minister Delivers Message from President al-Alimi to Chinese President
Houthi Militias Bombard Mosque, School in Jabal Saber, South of Taiz
Yemeni Foreign Minister Warns of Houthi Threats to Regional and International Security
Rasd Organization: 51 Civilians Killed or Injured in Taiz in One Week
Yemen, Türkiye Discuss Bilateral Relations and Latest Developments
Yemen, Japan Discuss Ways to Strengthen Parliamentary Cooperation
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