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At Nomad capitalist, holding foreign currencies can diversify your wealth and potentially lead to higher returns. Certain foreign currencies can also help you qualify for residency and citizenship. The video discusses three unique residence programs where holding foreign currency can provide benefits. Andrew Henderson from Nomad capitalists can help you legally reduce taxes, obtain a second residence, and passport. Currency plays can offer higher returns, arbitrage opportunities, and diversification. The three countries mentioned in the video offer different benefits for holding their currencies.