If you are referring to a LOP, it will never happen. (Go read the "Flea and the "Elephant" analogy.) The phrase "lifting the 3 zeros" means calling in all the 3 zero denominations via the cash-in process. It does not infer removing the 3 zeros from the 1,000 5,000 10,000 or 25,000 notes. These notes will be pulled in and destroyed when the CBI decides to do so. Some will argue that the 3 zeros thing is tied to removing the 3 zeros from the left side of the current rate - .00085, hence making the new rate .85. I, for one, do not believe this will happen simply because it will not generate the required capital to sustain the Iraqi economy.
OK economists or wanna be economists, fire away.