The meeting covered step-by-step strategies for navigating the currency revaluation (RV) process, focusing on confirmed exchange rates for the Iraqi dinar (IQD) and Vietnamese dong (VND).
Key recommendations included verification of rates, preparation for banking appointments, post-exchange wealth protection, and long-term legacy planning.
The session emphasized maintaining professionalism, security, and discretion throughout the process, and stressed the importance of assembling a qualified advisory team.
Action Items
Immediately – All attendees: Visit official Central Bank and major bank websites to verify real-time exchange rates.
Prior to exchange – All attendees: Organize two forms of government-issued ID and sort currency by denomination.
Prior to appointment – All attendees: Schedule appointments with banks or redemption centers using official contact methods provided.
Upon appointment – All attendees: Review exchange contracts, NDAs, and rate options with professional advisors before signing.
After exchange – All attendees: Set up multiple bank accounts, activate all security features, and consult asset protection attorneys.
Short-term – All attendees: Engage a tax strategist and build a professional advisory team (CPA, financial advisor, estate planner, insurance consultant).
Ongoing – All attendees: Begin diversified investment and asset allocation in accordance with risk tolerance and goals.
Ongoing – All attendees: Seek financial education resources and uphold disciplined financial habits.
As soon as feasible – All attendees: Prepare a family wealth blueprint and legal legacy documents for heirs.
RV Confirmation and Immediate Next Steps
Confirm that the RV has taken place by checking:
(1) Official Central Bank sites (CBI, SBV)
(2) Major banking websites (Bank of America, Wells Fargo, Chase)
(3) Reputable forex and news sites (Bloomberg, Reuters, Forex.com)
Do not proceed with any financial action without direct confirmation from all three sources.
Exchange Appointment Preparation & Process
Gather two forms of government-issued ID and organize currency for easy, secure handling.
Approach the appointment with professionalism; dress appropriately and expect a formal process.
Be ready for document checks, potential NDAs, and a structured negotiation on rates (international, screen, or contract).
Clarify all terms, especially regarding rate options, usage restrictions, fund release schedules, and legal obligations before signing.
Consult a financial or legal advisor if unclear about any agreement details.
Post-Exchange Security and Wealth Protection
Immediately establish accounts with multiple banks for security and financial separation.
Engage asset protection attorneys to set up LLCs, trusts, or other protective structures.
Prioritize privacy and avoid publicizing your new financial status.
Wealth Management, Growth, and Diversification
Employ a tax specialist to ensure compliance and optimal tax strategy.
Build a professional advisory team: CPA, certified financial planner, estate/law specialist, and vetted investment advisor.
Diversify investments—suggested allocation: real estate, bonds, equities, commodities, and philanthropy.
Transition capital into stable passive income streams (rental real estate, dividend stocks, bonds, CDs, franchises).
Explore global diversification: different banks, foreign currencies, offshore accounts, international real estate, and potential second citizenships for risk mitigation and flexibility.
Philanthropy and Legacy Planning
Define a charitable mission and choose appropriate vehicles (charitable trusts, private foundations, donor-advised funds).
Work with legal and tax advisors to align giving with overall wealth and tax strategies.
Document family wealth blueprints, values, responsibilities, and incentive trust structures to govern multi-generational legacy.
Prepare legal documents (wills, powers of attorney, health directives) and consider recording legacy messages for heirs.
Financial Education and Behavioral Discipline
Commit to ongoing financial education (books, reputable experts).
Establish rules to combat “sudden wealth syndrome”: delay large purchases, avoid emotional decisions, set waiting periods for major actions.
Foster a disciplined approach to ensure long-term preservation and fulfillment, not just accumulation, of wealth.
Decisions
Proceed with RV exchange only after full confirmation — All participants agreed not to act on rumors or incomplete information; must verify with banks, central banks, and news sources.
Engage advisors before signing any exchange agreements — Group consensus to bring in legal and financial professionals at the contract stage to avoid mistakes.
Open Questions / Follow-Ups
Are there any specific banks or redemption centers providing preferred contract rates for IQD and VND exchanges, and what are their current terms?
What updated tax guidelines apply to currency RV gains in each attendee’s jurisdiction?
Are there official lists of vetted financial advisors and asset protection attorneys recommended for post-RV wealth management?
Which second citizenship or residency programs are most accessible for RV participants seeking international diversification?