TNT Conference Call

Wednesday, April 30, 2025

Tony’s Monologue: Iraq filed bankruptcy today. It was just their treasury that filed bankruptcy, and this action made Tony wonder what is happening now. They are saying it is all part of the plan. The most exciting thing Tony heard was from a three-letter agency and if it doesn’t go through tonight, he will buy Tony a new Bently. That is how positive they are feeling. The time frame is between now and 4 am. The window doesn’t open quite as early as Tony is saying but sometime this evening. They did what they did with the bankruptcy so they can pay out the last two months of salaries and give us a clear path. The banks still have the rates; they are greyed out though. 500 M Soberano is worth 500 M USD with a .01 cent rate at the banks right now. The rate that Tony has is still .30 cents, the one cent is what the banks have now but that is supposed to change. The dinar is 4.22, the .00000011 is still there for the ZIM, and the VND is still higher than we thought. It didn’t happen last night because one group is saying that Trump tried to use it in a final negotiation. Another group said that it will go tonight. Tony was waiting to hear if the banks got their memo and that is what held up the call for a few minutes. All we can do now is hope and pray that it goes through. Tony has heard that Trump wants it to go through. Right now, by 4 am tomorrow it is a done deal. It’s the beginning of May, they bankrupted the Iraqi treasury so they could wipe everything out, and put a new rate in. The Fed Res has said that the rate has been sitting at the bank for a week and that it is a live rate. The banks are saying they are waiting to hear from the UST to tell them to go and the UST is waiting to be told by Trump.

Q & A:

-            Will we have to call an 800 number to exchange currencies in the second and third basket? Tony doesn’t know and won’t until we get there.

-            Would we not be redirected to a wealth manager if we have too much currency for a teller? Yes, it might but it might not get you the higher rates.

-            Did that last country get with the program? From what Tony has heard is that if it doesn’t go through tonight, then they will have until Sunday by which time those countries that do their part will be removed.

-            The Iranian Real is 3 dollars and something.

-            Monitor CBI and FOREX to see this happen after 4 am.

Wrap Up: Be ready. Tony will let us know when he knows something.