The Central Bank of Iraq has announced a 14-day Central Bank remittance auction (B348) and a 14-day Islamic certificate of deposit auction (ICD165), with both auctions scheduled for execution on 12 April 2026 as published in the Central Securities Depository (CSD) system. Conventional banks can participate in the remittance auction and Islamic banks can participate in the Islamic certificate of deposit auction, with submissions accepted from the publication of the announcements until the execution date. For both auctions, the Central Bank will determine the investment size as 50% of private sector deposits based on data as of 26 March 2026 that was submitted via the Banking Statistical Reporting System (BSRS) during 29–31 March 2026. It instructed banks to exclude current-type accounts from the private deposit base used for this calculation.
Central Bank of Iraq 2026-04-07
Central Bank of Iraq announces 14-day auctions for central bank remittances and Islamic certificates of deposit
The Central Bank of Iraq has announced a 14-day Central Bank remittance auction (B348) for conventional banks and a 14-day Islamic certificate of deposit auction (ICD165) for Islamic banks, both to be executed on 12 April 2026. For both auctions, the investment size will be set at 50% of private sector deposits as of 26 March 2026, based on data submitted via the Banking Statistical Reporting System, excluding current-type accounts from the deposit base.