Central Bank announces implementation of the international system (IBAN)

Mujalli meets with Presidency of Consultation, Reconciliation Authority

Member of the Presidential Leadership Council Sheikh Othman Mujalli met Thursday with the chairmanship of the Consultation and Reconciliation Authority, represented by the Vice-Chairmen of the Consultation and Reconciliation Authority Abdulmalik al-Mikhlafi, Sakhr al-Wajeeh, Jamila Ali Raja, and Akram al-Amiri.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/26 Time 03:41:37
Latest News:

Mujalli meets with Presidency of Consultation, Reconciliation Authority

Saudi Arabia Says STC Moves Has Harmed Yemeni Interests

Government Welcomes Saudi Statement on Hadramout and Mahra Developments

Yemen Ministry of Higher Education Condemns Coercion of Staff for Political Statements

Hadramout Local Authority Reaffirms Loyalty to Government

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.