As Iraq approaches a critical government vote, Jeff emphasizes patience and observation. Meanwhile, Bruce (via WiserNow) provides clarity on contract rates for the Dinar and Dong, offering insight for investors preparing for potential revaluations.
⚠️ Jeff Disclaimer
Please consider everything on this call as opinion. Always verify with official sources and consult a professional before making financial decisions.
π️ Political News: Observe Before Credibility Can Be Determined
Jeff reminds followers:
Credibility of political news is only clear once events unfold
Tentative timing: Monday or Tuesday for the parliamentary vote
Observers are watching for:
Announcement of Prime Minister
Whether it will be al-Sudani
“Just let it come and let us get to the point where we can observe it as it’s happening live.”
This advice encourages patience and verification, avoiding reliance on rumors.
π΅ Dinar Contract Rate: Trump Administration Confirmation
Bruce, via WiserNow, addressed contract rates:
Redemption centers will be the official way to exchange Dinar
Contract rate on the Dinar was set under President Trump’s first term
This is considered an extremely favorable rate for investors
“That’s an extremely good rate, and I’m looking forward to that.”
π Dong Contract Rate: Promising but Not Confirmed
While the Vietnamese Dong does not yet have a publicly confirmed contract rate:
Reports indicate it is expected to be very favorable
Likely matching or exceeding previous estimates
Investors can expect the rate to be higher than previously circulated figures
“Now it should be at that point, or maybe a little higher.”
⭐ Featured Snippet: Key Takeaway
Iraq’s government vote is tentatively set for Monday or Tuesday, with Sudani as a potential Prime Minister. Dinar contract rates are confirmed under Trump’s administration, while Dong rates are expected to be favorable and potentially higher than previous estimates.
π Why This Matters
Political Clarity: Watching the live vote ensures investors respond to confirmed news, not speculation.
Contract Rates: Knowing the Dinar rate under Trump provides confidence for exchanges.
Dong Insights: Investors tracking Dong revaluation can anticipate favorable conditions.
Redemption Centers: These will be the official exchange point, ensuring legitimacy and security.
❓ Q&A Section
Q: When will Iraq’s government vote occur?
A: Tentatively Monday or Tuesday. Exact timing and outcomes will confirm leadership decisions.
Q: Is Sudani likely to be Prime Minister?
A: Jeff suggests that observation is required, but Sudani is the leading candidate.
Q: What are “contract rates” for Dinar and Dong?
A: Contract rates are pre-determined official exchange rates set for large-scale redemption, ensuring favorable and regulated conversion.
Q: Where will exchanges happen?
A: Redemption centers are expected to be the authorized locations for secure and official currency exchanges.
π§ Final Thoughts
Jeff and Bruce emphasize patience and verification:
Political news should be watched live before drawing conclusions
The Dinar contract rate is confirmed and favorable
The Dong rate is promising and may exceed expectations
Official redemption centers provide legitimacy and security
For investors, this roadmap reduces risk while preparing for potential currency revaluation.
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Jeff
You're not going to know the credibility of the political news until it happens. Just let it come and let us get to the point to where we can observe it as it's happening live...probably Monday or Tuesday.
Monday they tentatively set to vote on the government. We're looking to see if they announce the prime minister that same day and if it's Sudani.
Bruce
[via WiserNow] redemption centers are the way to go. We know that the contract rate on the dinar has been agreed to and put under contract by President Trump in his first term as president, and that's an extremely good rate, and I'm looking forward to that.
We we don't have a contract rate, per se, on the Dong but we know that it's supposed to be a very good rate, and I've heard where it was, and now it should be at that point, or maybe a little higher.