This was a bit of bad news we found a few weeks ago. It seems there are tidbits of information coming out of The Central Bank. This article seems to be from Feb '04. It discusses the use of an exchange rate of 1500 in their budget for 2004. Please read and comment ...
Price-Waterhouse-Coopers Digest June 2004
"Iraq's Botched Currency Reform," Central Banking 14 (3): 39-45 (February 2004) Steve Hanke and Matt Sekerke (Johns Hopkins University, Baltimore, Maryland, USA)
"...The 2004 budget prepared by the Ministry of Finance and the Ministry of Planning does not rely on debt issuance or the CBI (Central Bank of Iraq]'s printing presses. But the budget is highly sensitive to the dinar exchange rate. The 2004 budget is prepared on the assumption that the dinar exchange rate will be 1500 to the dollar. . . . This is an extremely important assumption, because most of the government's revenues are in dollars, and most expenditures are in dinars...."