The Central Bank of Iraq announced two seven-day auctions for execution on June 15, 2026. Auction W512 is for conventional banks and carries a 5.25% rate, while auction ICD820 is for Islamic certificates of deposit for Islamic banks. Both auctions were published through the central securities depository, or CSD, system. Eligibility for both auctions is tied to Iraqi dinar private-sector deposit data as of May 21, 2026 that banks submitted through the BSRS system during May 24-26. Conventional banks must have at least IQD 50 billion in private-sector deposits in dinars, while Islamic banks must have private-sector dinar deposits above IQD 50 billion. For both auctions, the minimum subscription amount is IQD 50 billion and the maximum is IQD 500 billion. Conventional banks may participate from publication of the notice until the auction cut-off time, while Islamic banks may participate from publication until the execution day.
Central Bank of Iraq2026-06-15
Central Bank of Iraq announces 7 day auctions for conventional and Islamic banks with IQD 50 billion minimum participation
The Central Bank of Iraq announced two seven-day auctions for execution on June 15, 2026: auction W512 at 5.25% for conventional banks and auction ICD820 for Islamic certificates of deposit for Islamic banks. Participation is limited to banks meeting private-sector Iraqi dinar deposit thresholds based on May 21, 2026 data, with bids ranging from IQD 50 billion to IQD 500 billion.