Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions
09/01/2017


(Independent) ... the Iraqi Central Bank announced the adoption of the international mathematical number (IBAN) in all local and foreign remittances for the purpose of unification of bank account numbers in banks and Iraq, while stressing that the new formula will improve the level of financial and banking services and overcome common mistakes when remittance.
The central bank said in a statement received by the (independent) announced today that "the Bank has adopted the international mathematical figure of IBAN, starting from the second of January of 2017 in all local and foreign remittances for the purpose of unification of bank account numbers in all operating banks in Iraq."

Bank, said that "adding a new version of the account numbers will contribute to improve the level of financial and banking services as well as common mistakes exceeded in some banks and financial institutions in the use of customer accounts when remittance figures." (End)




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