Central Bank announces implementation of the international system (IBAN)

Marib Deputy Governor Discusses “Kanaf” Project with Yamani Foundation

The Deputy Governor of Marib Dr. Abdu Rabbu Miftah met Tuesday with Dr. Anas Saif, the Programs and Projects Director at the Yamani Foundation.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

South Korea's exports rise 8.4 percent in November

South Korea's exports increased 8.4 percent last November compared to the earlier year, exceeding 61 billion US dollars, continuing their sixth consecutive month of growth, thanks to strong demand for semiconductors.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/12/03 Time 10:40:04
Latest News:

International Partnership Launched to Enhance Yemen's Maritime Security

Dep. Planning Minister, WFP discuss joint efforts to handle finances shortages

Amb. al-Wuhyashi meets with Russian Deputy Foreign Minister

Foreign Minister confers with WFP Envoy over joint cooperation

Maritime Affairs Authority Discusses with European Nordic Support Foundation Enhancing Maritime Security

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.