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Last Update: ،
2026/10/24
Time
06:26:12
Latest News:
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Interior Ministry: Houthis Target Coast Guard Facilities in Aden With Three Ballistic Missiles
Yemenis in Brussels Urge EU to Press for End to Taiz Siege
Yemen’s Prime Minister Condemns Terrorist Attack on Church in Jordan
Coalition: Air Defenses Intercept and Destroy Ballistic Missile Launched Toward Riyadh
Latest News:
Houthi Militants Kill 64, Hurt 173 Civilians in Taiz Since Last August
Interior Ministry: Houthis Target Coast Guard Facilities in Aden With Three Ballistic Missiles
Yemenis in Brussels Urge EU to Press for End to Taiz Siege
Yemen’s Prime Minister Condemns Terrorist Attack on Church in Jordan
Coalition: Air Defenses Intercept and Destroy Ballistic Missile Launched Toward Riyadh
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 -
Ministry of Transport Condemns Houthi Militias for Firing Two Ballistic Missiles on Aden Airport
Houthi Militants Kill 64, Hurt 173 Civilians in Taiz Since Last August
Interior Ministry: Houthis Target Coast Guard Facilities in Aden With Three Ballistic Missiles
Yemenis in Brussels Urge EU to Press for End to Taiz Siege
Yemen’s Prime Minister Condemns Terrorist Attack on Church in Jordan
Coalition: Air Defenses Intercept and Destroy Ballistic Missile Launched Toward Riyadh
Yemen Welcomes Joint Statement by Foreign Ministers of Saudi Arabia, Egypt, Türkiye, Pakistan
Taiz Residents Bury 18 Victims of Houthi Shelling
Spain Says Houthi Attacks on Civilian Infrastructure in Yemen and Saudi Arabia Fuel Regional Escalation
Arab League Condemns Houthi Attacks on Saudi Arabia’s King Fahd International Airport
