Bank Beirut - Oman has announced the implementation of the International Bank Account Number (IBAN) system for customer accounts, effective in international transactions and remittances, in accordance with the guidelines set by the Central Bank of Oman. This international standard simplifies global transactions and accelerates processing, saving time for businesses and individuals. Each account in Oman now has a unique IBAN number to facilitate international transactions and financial transfers without complications. The IBAN system also enhances transparency and reduces the risk of errors.

The IBAN number is globally recognized, used in over 80 countries, making it a trusted and established standard for international transactions. This further solidifies Oman's position in the global market. Additionally, the implementation of IBAN is a significant step forward in modernizing Oman's financial infrastructure, making local and international transactions easier.