Central Bank announces implementation of the international system (IBAN)

President al-Alimi convenes meeting of government, local authorities

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) held today, Tuesday, a small government meeting included the governors of the government-held governorates, the Prime Minister, Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani and the Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb.

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.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

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: ، 2026/04/22 Time 12:26:00
Latest News:

Minister Mashdal Discusses Strengthening Partnership with International Organization for Migration

Minister of Agriculture meets with FAO Director-General

Vice Foreign Minister discusses with Acting UN Resident Coordinator joint cooperation

Yemen Participates in Ministerial Meeting of FAO 38 Session

Ambassador Mousa Discusses Strengthening Cooperation with Secretary-General of Arab Economic Unity Council

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.