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Last Update: ،
2025/07/15
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Latest News:
Minister al-Soqatri, WB Delegation Inspect Unloading Center in Aden
Human Rights Ministry Condemns Houthi Militia's Killing of Children in Taiz
Water Minister Meets with ICRC to Discuss Aden Urban Planning Master Plan
Central Bank Governor Meets with EU Ambassadors to Discuss Economic Challenges
President al-Alimi Praises Judicial Authority's Efforts to Establish the Rule of Law
Latest News:
Minister al-Soqatri, WB Delegation Inspect Unloading Center in Aden
Human Rights Ministry Condemns Houthi Militia's Killing of Children in Taiz
Water Minister Meets with ICRC to Discuss Aden Urban Planning Master Plan
Central Bank Governor Meets with EU Ambassadors to Discuss Economic Challenges
President al-Alimi Praises Judicial Authority's Efforts to Establish the Rule of Law
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 Chairman Calls for International Stance Proportionate to Houthi Threat
Minister al-Soqatri, WB Delegation Inspect Unloading Center in Aden
Human Rights Ministry Condemns Houthi Militia's Killing of Children in Taiz
Water Minister Meets with ICRC to Discuss Aden Urban Planning Master Plan
Central Bank Governor Meets with EU Ambassadors to Discuss Economic Challenges
President al-Alimi Praises Judicial Authority's Efforts to Establish the Rule of Law
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