The Central Bank of Iraq has announced two seven-day auctions to be executed on 2 June 2026 and published through the Central Securities Depository system. One is an Islamic certificate of deposit auction for Islamic banks. The other is a Central Bank bill auction for conventional banks at an interest rate of 5.25 percent, with participation open from publication of the notice until the auction cut-off time. Eligibility for both auctions is based on Iraqi dinar private sector deposit data as of 7 May 2026 that banks submitted through BSRS during 10 to 12 May 2026. Islamic banks must have more than IQD 50 billion in private sector dinar deposits to join the certificate of deposit auction, while conventional banks must have at least IQD 50 billion to join the bill auction. In both auctions, the minimum subscription amount is IQD 50 billion and the maximum is IQD 500 billion.
Central Bank of Iraq2026-05-31
Central Bank of Iraq announces 2 June seven day Islamic certificate of deposit and central bank bill auctions with 5.25 percent rate for conventional banks
The Central Bank of Iraq announced two seven-day auctions on 2 June 2026, comprising an Islamic certificate of deposit auction for Islamic banks and a Central Bank bill auction for conventional banks at an interest rate of 5.25 percent. Eligibility for both is based on Iraqi dinar private sector deposit data as of 7 May 2026, with participating banks required to hold more than IQD 50 billion in such deposits and able to subscribe between IQD 50 billion and IQD 500 billion.