TNT DINAR UPDATE 8-21-26

The Spaces recapped the latest on the anticipated Iraqi dinar revaluation (RV) and practical steps for exchanges. Tony and Ray said multiple sources (bank contacts, UN/IMF liaisons, and “Fed” contacts) report a live rate, with banks scheduled to work through the weekend and 800-number instructions expected after Forex lock-in—possibly late Friday, Saturday, or Sunday evening. Reported payouts cited by callers and sources ranged around $5.13–$6.06, with some still targeting about 2.85 as a negotiable rate. Tony clarified the long-debated “three zeros” policy: in-country Iraq removes three zeros from note denominations concurrent with revaluation, while out-of-country holders exchange three‑zero notes at international rates. The hosts relayed that exchange centers may be routed via 800 numbers, may require NDAs, and could be non-taxable, whereas teller walk-ins might trigger IRS reporting—though they urged waiting for official instructions and to set aside funds for taxes. Strategy-wise, Tony emphasized preplanning, favoring multi-year deposit contracts that pay high yields and using trusts or foundations to optimize tax exposure. Q&A covered notifying friends (advised to wait), USAA/base exchanges (unknown), bonds/crypto (no direct tie to exchanges), and Iraqi anti-corruption measures potentially aided by a short redenomination window. They closed expecting weekend progress pending full rate alignment.

TNT Twitter Spaces Call – August 21, 2026 – Comprehensive Notes

Participants and Roles

• Tony (co-host): Primary news/analysis, led most of the briefing and Q&A responses.
• Ray (RayRen98) (co-host): Opened/closed the call, moderated Q&A, read listener questions.
• Noted community members/callers: Pam D, Kevin, Walt, Art, Bus Lady, P Chop (aka Pork Chop), a new listener; “Tish” was mentioned as a concerned listener; screen-name questioners included “Little fear,” “Aw,” “Read 1,” “Good tightwads.”
• Other names referenced: Danny, Democracy Dave.

Context and Status Update (RV/Exchange)

• Tony reported multiple contacts claiming the RV (Iraqi dinar revaluation) “went through” at 1:00 a.m. Eastern (8 a.m. Iraq time) on Friday, aligning with Iraq’s stated preference to go live at 8 a.m. on their Sabbath.
• He said the “rate is live” according to contacts at the UN/IMF, and that the Fed reportedly told them the rate has been live for “the last three weeks.”
• Rates cited in the last 24 hours:
  • Morning bank/pay figures: around $5.13–$5.16 per IQD; an example “$6.06” also cited for one latest go-through.
  • Tony emphasized people “have been getting paid every day” at those rates (as per his sources), but that not all bank departments can see the rate—some can, others (notably the parts relevant to public exchange) cannot yet.
• Banking operations:
  • Banks reportedly scheduled to work on Saturday and Sunday.
  • Anticipation centered on forex closure timing: expectation that post-close alignment/lock-in could enable final steps.
  • Tony expected the “800 numbers” (for exchange scheduling) possibly Friday night; if not, then Saturday or by Sunday evening when forex reopens.
  • Example: a recent exchanger was told their funds would be available by Tuesday.

Forex Lock-in and Alignment

• Tony’s contacts suggested other currency rates have been “blinking” (unstable) and would not settle until the dinar (described as the “foundation rate”) was in place.
• The plan described: wait for forex closure, then lock in all rates; once alignment is confirmed, the public process (including 800 numbers) can proceed.

Redenomination vs. Revaluation (“Removing Three Zeros”)

• Listener question (Little fear) asked about “removing three zeros.” Tony reaffirmed a long-standing explanation:
  • In-country redenomination: a 25,000-IQD note becomes a 25-IQD note; a 5,000 becomes a 5, etc. (removing three zeros from the note’s denomination in Iraq only).
  • Simultaneous revaluation: removal of three zeros from the rate (revaluation) occurs alongside redenomination so purchasing power is preserved in-country.
  • Without revaluation, tiny denominations would be useless under current market rates (e.g., 1,310 IQD per USD; black market ~1,560 to 1), so both processes must align.
  • Out-of-country holders: Tony said U.S. holders retain their 3-zero notes; exchanges are calculated with those notes intact. He claimed all who’ve been paid so far were paid at the multi-dollar rates “with the three zeros still attached.”
  • In-country vs out-of-country illustration: in Iraq, redenominated notes exchange 1:1 domestically; when leaving Iraq, the multi-dollar external rate applies, but their redenominated notes represent lower face values (e.g., a 5 IQD note equates to $25 at a $5 rate, whereas foreign holders’ 25,000 notes calculate directly at the external rate).

Exchange Logistics: 800 Numbers, Exchange Centers vs Banks, NDAs

• 800 numbers:
  • Purpose: route callers to appropriate exchange locations based on their holdings.
  • Tony expects 800 numbers to direct to designated exchange centers.
• Exchange centers vs. bank tellers:
  • Tony relayed a CIA source’s view (new to him) that exchanges conducted at exchange centers (linked to the Treasury) may be non-taxable, whereas walk-in bank exchanges (linked through bank systems to the IRS) could be taxable. He stressed this was the first time he’d heard this and will verify when official guidance accompanies the 800 numbers.
  • For smaller holders (e.g., a single 25k note), a teller may process the exchange, triggering customary IRS reporting (e.g., forms for large deposits).
  • Not all bank branches or wealth managers are authorized exchange locations or can offer higher contract rates; the 800 number directs to qualified sites.
• NDAs: Tony believes NDAs will likely be required; details pending official instructions.
• Interbank coordination: Pam asked if banks expect funds to move post-exchange; Tony said yes—systems are set up to facilitate transfers during the appointment, including verification by reps from other banks.

Taxation: Claims, Uncertainties, and Planning

• Historical guidance: Tony says he was told “20 years ago” (by a UST source) that taxes were included in the exchange, leading to the community’s long-held belief exchanges would be non-taxable under treaties. However, he emphasized recent contradictory input about teller-based bank exchanges possibly being taxable.
• Treaties vs tariffs: Bus Lady asked whether “tariffs” covered non-taxability; Tony clarified it was treaty-based, and that over time the operational model evolved to emphasize exchange centers for larger transactions.
• Interest income tax:
  • Walt asked about taxation on interest from high-yield bank arrangements; Tony affirmed interest would be taxable and referenced federal rates (citing 33–39%) plus state taxes.
  • Tony advocated legal tax minimization using foundations/trusts—e.g., channeling a significant portion (e.g., 60–80%) of monthly interest into a foundation, thereby reducing personal taxable income while staying compliant. He referenced following tax law strategically (citing Trump’s approach to tax planning as an example).
• Guidance: multiple times, Tony urged consulting professionals (CPAs, attorneys, planners) and “knowing the rules” to optimize outcomes legally.

Post-Exchange Strategy and Contract-Rate Philosophy

• A listener (“Good tightwads”) asked about locking in 75% if they could earn 20–25% over 5–10 years.
• Tony’s stance:
  • He cannot advise personal allocations but described his own plan to seek a 10-year contract.
  • He emphasized entering the bank already knowing target numbers, payout cadence, and account structures; negotiate and stick to a pre-formed plan.
  • He repeatedly stressed leaving as much as possible under high-yield arrangements to let the bank “pay you” for as long as possible, claiming examples like 20% per month (citing a “Bless veteran” case of 22% monthly) and asserting one could recover 100% in the first year at such rates.
  • He discouraged pulling out large portions (e.g., taking 90% out) given the purportedly superior bank-offered interest relative to alternatives (traditional bank accounts, insurance products, typical retail investing). He framed stock-market outperformance as “not your business.”

Notifying Friends/Family, Currency Dealers

• “Aw” asked about notifying gifted friends/family of 800 numbers. Tony endorsed delaying notification so as not to flood lines with inattentive “wannabes,” stating those who didn’t follow along may have to “get in where they fit in,” possibly at lower opportunities.
• “Read 1” asked how far in advance dealers stop selling. Tony: to his knowledge, dealers don’t get advanced notice (refuting rumors of 48-hour warnings).

Banking Coverage and Audience Composition Claims

• Tony said five CIA agents listen to their calls (3 domestic, 2 overseas) and “know more” due to higher-level connections; he also claimed that numerous bankers across branches, regions, and VP levels listen, debrief calls, and plan accordingly.
• He suggested some banks are wary of community behavior during exchanges.

USAA and On-Base Exchanges

• Question: Would USAA handle exchanges? Tony: no knowledge—call them directly. He clarified earlier commentary referred to exchanges occurring on military bases, but bases don’t uniformly share the same credit union/bank.

Treasury Bonds, Deficit, and Crypto (Kevin’s Q&A)

• Kevin asked whether exchanges relate to U.S. Treasury bonds/deficit reduction.
  • Tony stated the U.S. government holds its own dinar and expects to exchange over 30 years. He did not assert a direct linkage of participant exchanges to bond purchases but said outcomes depend on where participants put their money and taxes paid.
  • He recounted remarks by the Treasury Secretary about tariffs and “people’s money” residing in the Treasury, and described bond buybacks occurring to support markets.
• Crypto/Treasury discussion:
  • Tony speculated on crypto’s potential role in the Treasury ecosystem, referencing XRP and noting political developments about authorizing a new bank and funding flows. He encouraged listeners to research the broader “circle” of developments.
  • He asserted “we are the stimulus”—i.e., 11 million new spenders/investors post-exchange would stimulate the economy—and suggested political leaders would take credit for the result.

Governance/Corruption in Iraq (Walt’s Q&A)

• Walt asked about former PM Nouri al-Maliki. Tony said updates would come after the new cabinet is seated, and that authorities are pursuing large-scale corruption recoveries (mention of an individual captured for $100 billion, with a trillion still out there per “Trish”).
• He said they plan to change the rate and redenominate with a short exchange window to inhibit illicit holders from laundering large sums; oversized claims would trigger immediate investigations, limiting ability to stretch proceedings for years.

Practical Unknowns and Next Steps

• Exchange center tax status vs bank teller tax treatment remains unconfirmed; Tony expects clarity in the 800-number instructions.
• Not every wealth manager or branch will be authorized for exchanges or higher negotiated rates; callers should rely on the 800 number to reach designated locations.
• Funds availability timing may lag a few days post-appointment (example: Tuesday availability for a recent exchanger).

Expected Timeline (as of call end)

• Tony’s closing summary:
  • “Live rate” assertions (IMF/UN/Fed) persist; banks are working the weekend.
  • The only remaining step, per his contacts, is alignment/lock-in of other currencies now that the dinar is set.
  • Anticipated start: possibly Saturday morning, or Sunday evening (post-forex reopen), subject to changes in Washington.
  • Iraq reportedly announced at 8 a.m. (local) Friday; expectation is Iraq would spend at the new rate the next morning, with U.S. exchanges to follow shortly.

Actionable Guidance From the Hosts

• Monitor for 800-number release; expect appointment routing to exchange centers.
• Check email periodically; be prepared for weekend scheduling.
• If you have unique banking relationships (e.g., USAA or a specific wealth manager), contact them directly, but prioritize 800-number guidance for official exchange locations and potential higher-rate access.
• Prepare a detailed plan before the appointment: targets, payout structures, accounts, and post-exchange allocations.
• Consult professional advisors (tax, legal, wealth management) in advance, especially for interest income, foundations/trusts, and compliance.
• Consider delaying mass notification to unengaged recipients until after initial member processing, as per Tony’s guidance.

Notable Tone and Disclaimers

• Tony emphasized patience and adherence to instructions, citing prior false starts and the need to wait for rate lock-in.
• He acknowledged community frustration but reiterated that the process appears imminent pending final alignments.
• Several claims (e.g., CIA listeners, tax status at exchange centers, specific high-yield monthly percentages, Fed “live” rate timing) are reported as Tony’s assertions and remain unverified within the call.