he currency exchange took place from October 15, 2003, to January 15, 2004 for the Iraqi dinar that us speculators currently hold. That suggest that when the currency exchange happens under the Delete the Zeros Program it is possible to happen at the end of the fiscal year or at the beginning of new fiscal year. Given that it would be best to time the issue of the new lower denomination currency before the next fiscal year to align with budget periods for the Iraqi government, annual business budgets within the Iraqi economy, and to allow time for merchants to adjust dinar prices throughout the Iraqi economy I can see a major move by the Central Bank of Iraq starting in the fall of this year.
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