
CBO Confirms IBAN Requirement For All Cross-Border Payments
MUSCAT: The Central Bank of Oman (CBO) has announced that beginning Tuesday, July 1, 2025, all cross-border transactions initiated from Oman must be processed using the International Bank Account Number (IBAN). This directive aims to align Oman’s banking practices with international financial standards, ensuring smoother, faster, and more secure global money transfers. Banks and financial…