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Last Update: ،
2026/10/16
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09:34:38
Latest News:
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Latest News:
Yemen’s Planning Minister Participates in Arab Governors Meeting at World Bank
Yemen’s Ambassador Discusses Latest Developments with Japan’s Deputy Foreign Minister
Foreign Minister Holds Talks with Indonesian Counterpart on Yemen, Regional Developments
President al-Alimi Discusses National and Regional Developments with UK Foreign Secretary
Human Rights Organization Warns of Humanitarian Catastrophe in Taiz Over Houthi Siege
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 -
Yemen Welcomes UN Security Council Presidential Statement on Houthi Attacks Against Yemen, Saudi Arabia
Yemen’s Planning Minister Participates in Arab Governors Meeting at World Bank
Yemen’s Ambassador Discusses Latest Developments with Japan’s Deputy Foreign Minister
Foreign Minister Holds Talks with Indonesian Counterpart on Yemen, Regional Developments
President al-Alimi Discusses National and Regional Developments with UK Foreign Secretary
Human Rights Organization Warns of Humanitarian Catastrophe in Taiz Over Houthi Siege
UN Security Council Condemns Houthi Escalation in Yemen, Reaffirms Saudi Arabia’s Right to Self-Defence
President al-Alimi asks about Colleagues' Safety Following Houthi Missile Attack on Maashiq Palace
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High Committee to Combat Smuggling Discuss Tightening Control over Entry Points
