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2025-04-042025-04-041111100
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2025-04-042025-04-041111100
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oman mandates iban for domestic transactions starting july 2025

The Central Bank of Oman has mandated the use of International Bank Account Numbers (IBAN) for all domestic transactions starting July 1, 2025, to enhance transaction safety and speed. Following the successful implementation for international transfers in March 2024, banks will no longer accept cross-border transfers without an IBAN. Local banks are required to educate customers on the benefits of IBANs to ensure a smooth transition.
SecneNow
United States Dollar Central Bank OF Oman OMN
Regulatory & Legal, Press Release
14:00 04.04.2025

central bank of oman to implement iban for domestic transactions in 2025

The Central Bank of Oman will implement the International Bank Account Number (IBAN) for domestic transactions starting 1st July 2025, aiming to enhance transaction efficiency and security. Following the successful introduction of IBAN for international transfers in March 2024, the CBO will require all incoming international transactions to include an IBAN, discontinuing those that do not. Local banks are tasked with educating customers on the benefits of IBAN to ensure a smoother banking experience.
Fintechnews Middle East
Omani Rial Central Bank OF Oman OMN
Finance & Economy, Press Release
03:55 28.03.2025
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