IBAN System Comes into Force as of the Beginning of 201 | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWfinanceImpact 50.7
IBAN System Comes into Force as of the Beginning of 2011
30.08.10 IBAN System Comes into Force as of the Beginning of 2011 H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK), stated that within the framework of CBK's constant concern for developing the functioning of the Kuwaiti banking system and coping with international developments in the banking industry, CBK decided to implement the "IBAN" system (International Bank Account Number) in the State of Kuwait, which aims at achieving international unification of bank accounts in a way which enables banks' systems to achieve speed and accuracy when executing money transfer transactions. More
