TNT Conference Call

Wednesday, July 24, 2024

Tony’s Monologue: The word is we wait. Here is half of some exciting news. Yesterday, Tony called Chase bank and they said the rate is 3.22 if you want to buy it. Tony can buy from them but not from him. They said not yet but it is coming. What the dinar cost Tony of 950 dollars when he bought it, would now cost him over three million dollars. Tony did ask someone to go buy some this morning and that is what he is waiting to hear. If you have a chase account, try it. Wells Fargo does have a rate for you to buy. Tony thinks this is great and means we are ever so close. The other banks just have standard stuff that it will be released by the end of the week. That it will go live by the end of the week. If they can sell it then we can buy it and it can’t be that far out. This was all over the phone and Tony is waiting for someone to go there and buy it. The Iraqi parliament had a fight in parliament today. Someone took out something from the budget that should not have. Iran is now apparently issuing out the dinar if they are going to visit but they are limiting it to 200 thousand dinar. Here is what is crazy. Everyone from 5 years old and up can go and get the dinar but they are all limited to 200 thousand. The rate is going to change. The only thing out there is that Iran is upset about the election. They think if Trump wins, they will put more sanctions on them and take their money. Not a lot of news. We are all just waiting. The agencies are frustrated. They still have them going in from the night shift, sitting on standby, and they keep saying any minute. Nothing has changed though. The rate is just sitting there waiting to be released. This has nothing to do with biden not running for re-election. 

Q & A:

-            Capital gains on the funds from exchange or gains going forward? Just the gains going forward. 

-            Is the US or UST in charge of the release? It appears that it has already started, especially with the banks having a rate of 3 something right now to buy it. 

-            Is the UN still stopping it and will the UST just eventually release it? The IMF is making the final agreements and working in conjunction with the UN. 2 weeks ago, the IMF said it was locked in and ready to go. They are now waiting on a specific time to release it. 

-            Will we ever have lower denom from Iraq over here? Yes, at some point they will be. It will be the currency of Iraq and what you will have to use if you travel over there. 

-            Will WF and Chase exchange the Bolivar? Tony doesn’t know about Chase, but WF should. 

-            Is the CBI holding this up? Not that Tony is aware of. The only thing we know is the IMF and UN have been working on it and control the release. 

Wrap Up: Understand this, no one has a clue. Everyone is quiet. They are just sitting around looking at each other. Again, it was supposed to be this morning. They have a rate, and they are saying that it should happen before the end of the week. Tony hopes that we are shocked and see it tonight. We are on the right side of things. There is a rate on the screen of 3.22 as of yesterday. That is what we want it to be or higher. We know it is going to happen by the end of the month. The election doesn’t have anything to do with it. As far as we are concerned it is done. Be prepared and have your money counted and separated.