DINAR UPDATE 8-28-26

The Spaces features hosts Tony and Ray guiding a fast-moving discussion on global money dynamics, a prospective Iraqi dinar revaluation (RV), practical exchange logistics, and wealth-structuring strategies. Tony frames geopolitics through the lens of “who controls the money,” citing historical patterns and current headlines (including a new Venezuela deal) to argue that revaluations and policy shifts are financially driven. He reports Iraqi ATMs have been shut to curb cash outflows ahead of a rate change, contractors in Iraq were told to expect new rates between September 1–3, and international tax changes take effect on September 1. The hosts stress using designated exchange centers via 800 numbers instead of teller windows to avoid unnecessary IRS reporting, warn against fraud (anyone selling “800 numbers”), and note some have been paid at $4–$6 per dinar. Q&A spans gift letters, bolívar series identification, whether all currencies go at once, and contingencies. A sizable portion covers post-exchange planning: trusts, foundations, POD designations, and negotiating bank contracts for monthly and annual returns (framed as examples). Tony flags potential capital controls and suggests readiness measures like dual citizenship and diversified banking. The call closes with community updates and an anticipated activation window between Friday and Tuesday.

TNT Call Summary – Aug 28, 2026 (Evening)

Participants and roles

• Tony: Primary host sharing intel, analysis, and guidance on exchange logistics and timing.
• Ray (RayRen98): Co-host/moderator, provides clarifications, planning/structuring insights (trusts/foundations), and handles Q&A flow.
• Callers: Community members including “Mr. Woody,” “Rico,” “Bless Lady,” “Dog Lover,” “Danny in Dallas,” “America/Freedom,” “Tish/Trish,” and others. A health update was shared for community member “404.”

Core themes Tony emphasized

• Information balance and critical thinking: Tony reiterated he shares intel from “real” contacts (government, banking, Iraq, etc.), including uncomfortable or contradictory pieces, so listeners can see both sides of the coin and form informed decisions. Not all shared intel aligns with personal beliefs, but both “good” and “bad” information are relevant to decision-making.
• Power, money, and geopolitics: He framed historical and current events (referencing “Confessions of an Economic Hitman”) as fundamentally driven by control of money. Wars and major deals are about the money and who controls it. The current Middle East dynamic (Iraq/Iran/Syria) and Venezuela oil deal fall into this lens—benefits will come to citizens and investors, but the driver is monetary control.

Geopolitical/economic developments

• Venezuela: Tony referenced a new deal announced by President Trump that purportedly gives the U.S. a stake tied to “65 billion barrels” of Venezuelan oil. He linked this to expectations of a bolívar revaluation and stronger currency prospects. Reports of Venezuela hinting at leaving OPEC were framed as leverage posturing; the deal underscored broader “all currencies at once” expectations.
• “Confessions of an Economic Hitman” context: Tony used it to illustrate long-standing practices of economic influence/control shaping national outcomes—underscoring that what’s unfolding now is part of a long continuum.

Iraq RV status update

• ATM shutdowns in Iraq: Tony said his Iraq contact confirmed ATMs were shut down starting Wednesday night U.S. time/Thursday morning Iraq time. Rationale offered: prevent further distribution of large (three‑zero) notes to the street ahead of a rate change; existing cash is being absorbed back as used.
• Anti-smuggling and anti-corruption actions: There was a “big sting” the previous day; reports of ~$1B in funds confiscated; parliament members’ bank accounts shut down (domestically and abroad). Efforts to stop smuggling continue and were a reason for some operational delays.
• Contractor guidance window: A contractor meeting reportedly told them to expect the new rate “Sept 1–3” (a 1–3 day window). It wasn’t fully clear whether that meant rate release vs. payment window; Tony leans toward the rate being live before the first so contractors can pay at the new rate.
• International rule/tax changes on Sept 1: Tony said multiple international changes take effect Sept 1, including taxation on international money movement and contracts. The implication: rates need to be in the system before those changes.
• U.S. bank posture: Banks have been staffing up daily at 7:00 a.m. (Fri–Mon) in expectation; Federal Reserve is ready; banks are ready.
• The “switch”: Despite readiness at banks, FRB, IMF, and UN observers, Tony says the U.S. Treasury has repeatedly not “flipped” the switch at prior target times. He stated banks are frustrated; they are not the ones who decide the go-time.
• Private exchanges ongoing: Tony claims people are being paid (no SKRs), with anecdotal price points ranging from “$6 and something” to “$4 and something” (context implies IQD), and one Q&A referenced an anecdote of “$20 per dinar.” Tony stressed these are occurring at designated exchange locations (some of which are inside banks), not at teller windows.
• Public timing window (Tony’s expectation): Between the night of Aug 28 and Monday (stretching to Tuesday morning). If not before, then by Sept 1–3 to meet the contractor window and rule changes. Labor Day (Sept 7) was noted as unrelated to this weekend’s window.

Exchange process and 800 numbers

• All currencies at once: Tony affirmed contacts still think all currencies will go together; he cited the Venezuela deal as reinforcing that view.
• 800 numbers distribution: Tony says he knows exactly which bank and contact will send him the numbers—after the event goes live. He will send them to TNT subscribers first (front of line) and then publish them broadly (including via Twitter) shortly thereafter. Warning: someone impersonated “RayRen98” selling “the number” for $300; Tony called this fraudulent—do not pay for 800 numbers.
• If you unsubscribed or were “cleaned” from TNT mailing/text lists (for not opening emails), you won’t receive direct notices; Tony will still post publicly after the recording is up.

Exchange locations vs. teller windows and tax reporting

• Exchange locations: Some banks will host dedicated exchange centers; some will be in private bank offices. Tony asserts these “UST-connected” exchange centers won’t report your transaction to the IRS the same way a teller transaction would.
• Teller windows: If you exchange at a teller and the USD equivalent exceeds $10,000, you’ll complete a FinCEN/CTR form; the bank reports it to the IRS. Tony warned this could create tax implications depending on how it’s treated. His guidance: wait for the 800 numbers and use designated exchange centers.
• NDAs: Tony said earlier exchanges at Forex‑level rates did not require NDAs; higher special rates may.
• Gift letters: Still useful for documenting provenance if asked; Tony has not seen anyone required to explain currency sourcing yet. Carrying large amounts could trigger Homeland Security scrutiny.
• September 11 operations: Banking and FX are global and won’t pause; not expected to interrupt exchanges.

Currency specifics and rates discussed

• IQD anecdotal payments: Ranged from “$4 and something” to “$6 and something” in recent private activity; a separate anecdote referenced “$20 per dinar.” Tony’s stance: these were at exchange locations and were paid without SKRs.
• Venezuelan bolívar: Ray advised callers to research series/redenominations (e.g., Bolívar Soberano vs. newer digital redenominations). Tony/Ray referenced a prior working figure of ~$0.30 as a rate rumor, with caution to apply proper conversion for redenominations when calculating USD value.

Bank interest/return contracts discussion

• Structure described: Tony and callers discussed bank contracts paying monthly and annual returns concurrently, with example figures of 20% per month plus 30% per year; he cited another case of 22% per month reported by a contact. Tony acknowledged finance pros tell him, “banks don’t operate like this,” but he claims he knows people being paid under such deals.
• Example math (Tony’s illustration): $100M placed under 20%/month could theoretically return $20M/month; in ~5 months you recoup your principal while still collecting monthly. Then an additional 30% annual on top via a separate instrument. Tenor options reportedly include 2, 5, and 10 years. Tony’s position: if you recover principal in a year, locking for 10 years can make sense.
• Bank economics (Tony’s rationale): Banks can lend at multiples (fractionalization) and earn overnight yields, charging clients double‑digit percentages; paying you 10–20%/month could still be profitable for them. He acknowledged this “sounds crazy,” but reiterated he’s seen it.

Planning: trusts, foundations, beneficiaries, and taxes

• Timing: Set up structures when you understand them; with the right providers, a trust can be set up in a day. There’s no mandated waiting period post‑exchange.
• Trusts vs. foundations (Ray’s view): They’re separate tools; many use both (dynamic duo), but some lifestyle profiles can operate with just a foundation. Foundations can be tax-advantageous, but the goal should be fit-for-purpose governance, not only tax minimization. Tax might not be “zero,” but can be minimal if structured and operated correctly.
• Using yields: Tony anticipates most will route 80–90% of monthly bank returns into trusts/foundations to minimize personal tax exposure; conduct major purchases and businesses via these entities.
• Beneficiaries and succession: You can negotiate bank contracts to clarify successor rights and beneficiary provisions. POD (Pay on Death) on bank accounts is a fallback, but counsel generally favors using trusts/foundations for control and continuity.
• “Lifetime income then revert to foundation” instrument: Ray said multiple structures can achieve this; select with professional advisors once funded (he didn’t prescribe a specific instrument on the call).

Mobility, capital controls, and risk management

• Dual citizenship/second residency: Tony suggested having options—dual citizenships or at least visas—and placing funds internationally. He mentioned Switzerland as a common choice and said many pick multiple jurisdictions. Canada was mentioned casually as friendly.
• Capital controls: Tony cited China’s tightened outbound money restrictions (date referenced mid‑September) as an example; he suggested similar measures can happen elsewhere, including in the U.S., potentially requiring authorization to move funds abroad.
• Domestic outlook: Tony anticipates the U.S. could get “uncomfortable” around November (political/economic pressures), with more restrictions and a near‑term downturn as part of a “tear down to rebuild” phase. High‑net‑worth status provides resilience if well prepared.

Community notes and admin

• “404” update: Being assisted with cane and gait belt in therapy; no falls; very appreciative of community support. Tish relayed that 404 always wanted to be last on the last pre‑RV call—in spirit, she was.
• Call volume: Tony cited 18,000 live listeners during the session; large social followership; many more currency holders beyond TNT.
• Scams: A fake “RayRen98” was reported selling “the 800 number” for $300—Tony called it a fraud. 800 numbers will be free and broadly disseminated.
• Notifications: If you unsubscribed or were “cleaned” from TNT’s email list (for not opening emails), Tony won’t re‑add you; rely on Twitter/posts after the recording upload. He can’t change your contact info; only you can.

Actionable checklist (based on Tony/Ray’s guidance)

• Wait for 800 numbers; don’t exchange at teller windows if you want to avoid CTR reporting and potential tax complexity.
• Use designated exchange centers booked via 800 numbers.
• Prepare entity structures: meet with competent trust/foundation counsel; have draft documents and beneficiary plans ready.
• Decide your bank negotiation stance: tenor (2/5/10 years), monthly vs. annual returns, successor provisions, collateralization/security of deposits.
• Document provenance: keep purchase records; gift letters remain prudent.
• Liquidity and safety: plan how much to keep personally vs. in entities; consider POD as backup; maintain some cash.
• International optionality: evaluate secondary citizenships/residencies and banking jurisdictions; understand potential capital controls.
• Info hygiene: ignore anyone selling 800 numbers; monitor TNT Twitter and the post‑call recording for official release.

Near‑term watch items and expectations

• Aug 28–Sept 3: Tony’s expectancy window, with emphasis on being live by or before Sept 1 to align with international tax/contract rule changes and contractor pay windows (Sept 1–3).
• Iraq indicators: continued ATM shutdowns; anti‑smuggling actions; local communications hinting public awareness without formal date.
• U.S. banking posture: continued early staffing; readiness at banks/FRB contrasted with Treasury’s final authorization.

Closing tone

Tony and Ray remain confident: “everything’s ready,” with multiple credible timelines having come and gone due to last‑minute holdups. The guidance is to stay prepared, sleep normally, and expect public visibility between Friday night and Tuesday morning. They’ll disseminate the 800 numbers as soon as they have them, starting with subscribers and then publicly.