The Central Bank of Iraq has announced two seven-day auctions to be executed on 21 April 2026: an Islamic certificate of deposit auction (ICD813) for Islamic banks and a Central Bank remittance auction (W505) for conventional banks at an interest rate of 5.25%. Participation is available from the publication of the auction notice until the execution date, as posted in the Central Securities Depository (CSD). Eligibility is linked to each bank’s Iraqi dinar private sector deposit base. For both auction types, banks must meet a minimum private sector deposit threshold of IQD 50 billion and bids must be between IQD 50 billion and IQD 500 billion. The Central Bank of Iraq will use deposit data dated 26 March 2026, submitted via the BSRS system during 29–31 March 2026, to determine the relevant deposit measure.
Central Bank of Iraq 2026-03-31
Central Bank of Iraq announces 21 April auctions of 7-day Islamic certificates of deposit and 7-day 5.25% central bank remittances
The Central Bank of Iraq has announced two seven-day auctions for 21 April 2026: an Islamic certificate of deposit auction (ICD813) for Islamic banks and a Central Bank remittance auction (W505) for conventional banks at an interest rate of 5.25%. Eligibility for both is based on each bank’s Iraqi dinar private sector deposit base, with a minimum threshold of IQD 50 billion and bid sizes between IQD 50 billion and IQD 500 billion, calculated using deposit data as of 26 March 2026 submitted via the BSRS system.