Alsumaria News / Baghdad 
serious mafias financial emerged after 2004 to obtain funds millions of dollars from thecentral bank auction through what is known instruments volatile, these mafias consisted of people do not have the money to get the "illegal" dividends may only beobtained only for a few hours complicity with banks to enter the auction currency through the central illusion of the existence of commercial imports. The banking system introduced by Iraq behind the emergence of these mafias

He says a member of the Finance Committee in the House of Representatives Masood Haider in an interview with Alsumaria News that "there are some people , they are incollusion with some of the banks have deposited their instruments with these banks ,which does not have any balance in order to participate in the auction currency, to buy the dollar and sell it in a few hours , taking advantage of a difference price between the central bank and the market in order to profit millions of dollars , "noting that" after the central bank within 48 hours , notify the bank to transfer funds instrument does that person rerun before this period without being detected and the operation was legal. " he adds Haider" The question of instruments Flyer exists only in Iraq because the banking system in which Old , "pointing out that" there are officials in thegovernment and private banks were complicit with these people to get a quick and illegal profit through currency auction. " indicates Haider said , " a lot of people took advantage of the gap in the banking system Iraq and won millions and have become wealthy, "he said . " these people themselves are involved auctions and profits, and therefore , what they get out of the money is haram. " stresses Haider said on" parliament tighten more on bank auction and the central bank and fill the door to corrupt banks "pointing out that" the Central Bank was able to fill this gap two years ago. " volatile instruments affect the stability of the currency and confirms former economist at the central bank on behalf of Abd al - Hadi in an interview with Alsumaria News that" the daily speculation carried out by traders across volatile instruments affecting the stability of the currency and the reserve currency of foreign currency increased because the bank will cover the needs of Iraq from foreign trade, but these speculators use these reserves for the purpose of profit. " shows Abdul Hadi said" flying instruments often traders or banks used to buy foreign currency through deposit amounts for a period limited in the account and then is pulled and sometimes used aday to get a percentage of the purchase of foreign currency through the central bank auction, and therefore, this process does not refer to the financial efficiency of the customer, but they get foreign currency for profit daily and are usually speculators Estphadon of the price difference between the bank and the market , "pointing out that" sometimes Agaan to tricks and deception and fraud in their documents by changing their names or the names of the mother in order to engage in a central bank auction. " adds Abdul Hadi that" the salvation of the volatile instruments is to rely on letters of credit for foreign trade and therefore the bank does not give dollar traders, but pays the value of the goods through the account opened on the bank, and therefore who has a trade it the bank pay him through this documentary credit. " emphasizes Abdul Hadi said" the central bank Environ himself from the corruption of these that get by some weak people, but some officials are pressing for earning money through it. "clearing the electronic is the solution clearing Electronic is the best solution to eliminate the phenomenon of volatile instruments , where he says economic expert on behalf ofJamil Antoine in an interview with Alsumaria's News that" the best solution to eliminate Flyer instruments is through the electronic clearing by the central bank can claim thefunds own instrument within seconds and minutes. " notes Antoine that" volatile instruments are a type of circumvention of the law that gives the instrument does not possess the balance of which is often the collusion between the person and the bank to postpone the clearing process will be Central Bank for the purpose of buying the dollar and take advantage of it to sell it again for the purpose of profit. " Attention Antoine" this operation is a kind of fraud the law and be held accountable under the law as it previously delivered such a process instruments do not have a balance punishable by imprisonment for a term of three years and fined person three times the amount, but the breakdown of the system and the laws of the country led to it and reflect Iraq 'seconomic reality and indiscriminate and imbalance that exists among the banks ,"noting that" administrative routine political and partisan interference and corruption led to prevent the application of sanctions against violators. " this will Alsumaria News publish the names of those involved operations corrupt on volatile instruments soon