CBI supports the international mathematical number (IBAN) to unify bank account numbe

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Central Bank supports the international mathematical number (IBAN) to unify bank account numbers

Banks

Economy News / Baghdad ...

The Central Bank, on Monday, for the adoption of the international mathematical number (IBAN) to unify bank account numbers, pointing out that the new version of the account numbers will contribute to improve the level of financial and banking services.

The bank said in a statement received "Economy News," a copy of it, he was "adopted international arithmetic figure the IBAN, starting from the second of January of 2017 in all local and foreign remittances," attributing the cause of action to "unite the bank account numbers in all operating banks in Iraq ".

The bank added that "the 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."

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International Bank Account Number (IBAN)- The IBAN consists of up to 34 alphanumeric characters, as follows: country code using ISO 3166-1 alpha-2 - two letters, check digits - two digits, and. Basic Bank Account Number (BBAN) - up to 30 alphanumeric characters that are country-specific.

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