Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017

09-01-2017 02:54 PM

Iraqi Central Bank announced on Monday, the adoption of the international mathematical figure of the 'IBAN' starting from the second of January of 2017 in all local and foreign remittances.

He said that the 'purpose unification of bank account numbers in all banks operating in Iraq, noting that the new version of the account numbers will contribute to improve the level of financial and banking services'.

He stressed that 'reliance will prevent common mistakes exceeded in some banks and financial institutions in the use of customer accounts when remittance figures'.

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