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Ben Franklin did this during the revolutionary war. They had revolution notes during the war that were worth something at the beginning of the war, but by the end, they were worthless. So they created a new currency to replace the old one and pay off all of the government debt.
It sounds like a way to kill the current dollar and get rid of the national debt all at one time. Screw paying for the Iraq war, just switch currencies... It might be 10 USD = 1 Amero at first, but if you wait, it will be 100 USD = 1 Amero and then 1000 USD = 1 Amero.
It's a good thing this is in paranoia...
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