The Central Bank of Iraq has announced two seven-day dinar auctions for execution on 12 May 2026. One is an Islamic certificate of deposit auction, ICD816, open to Islamic banks. The other is a central bank bill auction, W508, open to conventional banks and carrying an interest rate of 5.25%. Both were published through the central securities depository system CSD. Participation in both auctions is tied to banks' qualifying IQD deposit data as of 23 April 2026, using figures submitted through BSRS during 26 to 28 April 2026. Banks must have at least IQD 50 billion in qualifying IQD deposits to participate, and bids must be between IQD 50 billion and IQD 500 billion. Islamic banks may participate from publication of the notice until the execution date, while conventional banks may participate from publication until the auction cut-off time.
Central Bank of Iraq2026-05-10
Central Bank of Iraq announces 12 May 7 day Islamic certificate of deposit auction and 5.25 percent central bank bill auction
The Central Bank of Iraq announced two seven-day dinar auctions for execution on 12 May 2026: Islamic certificate of deposit auction ICD816 for Islamic banks and central bank bill auction W508 for conventional banks at 5.25%. Participation in both is limited to banks with at least IQD 50 billion in qualifying IQD deposits as of 23 April 2026, with bid sizes between IQD 50 billion and IQD 500 billion, based on data submitted via BSRS.