TNT DINAR UPDATE 11/6/26

The Spaces is a late-night TNT community briefing led by Tony Renfro, with co-host Ray experiencing audio issues, focused on the status of a long-anticipated currency revaluation (RV), bank readiness, and near-term risks. Tony recapped a volatile week of repeated “green lights,” banks staged for early openings, and a referral-program rollout delayed by banker commission disputes. He emphasized that only those who explicitly negotiate terms are securing higher contract rates, better interest structures, and longer deposit contracts; default setups are less favorable and NDAs (≥90 days) apply to above-forex outcomes. He cited recent individual exchanges (e.g., black-card issuance, elevated daily spending limits) and shared indicative rates mentioned by banks. Tony also discussed broader context: post-election political gridlock risks, reported military strikes on Iran that could push gas prices up, and potential inflationary effects of rapid big-ticket purchases (cars, homes) by exchangers. He urged prudence, preparation, and community-minded support, noting 800-number or bank referral pathways could open as early as Saturday morning, with forex visibility by Sunday, while reaffirming that authority over timing lies with the U.S. Treasury and the President, not Congress.

Session context and participants

• Host: Tony Renfro (referred to as Tony; "TNT super fantastic family" late-night information call). He repeatedly clarifies this is not an “800-number call,” but an information update.
• Co-host: Ray (occasionally present; technical audio issues; he formally ends the session).
• Callers:
  • Female caller (name not provided): thanks Tony; asks about higher rates and group allocation.
  • Rico: asks about VS/Bolivar handling and shares personal strategy; mentions prior discussion with Danny.
  • Art: joins later; attempts a question (“the dome”); engages briefly with Ray.

Core message

• Tony reports repeated, close-range readiness signals for currency exchanges (“greenlit”), with multiple bank briefings and go-live windows missed over the past 48–72 hours. He stresses that some exchanges have occurred daily, but broad public rollout (800 numbers or bank referrals) has been delayed by operational issues.
• He insists political control of Congress is irrelevant to the RV process, which he says is under US Treasury and the US President, and urges listeners to avoid misinformation.

Geopolitical update (Tony’s account)

• Iran strikes: Tony claims bombing began three days ago, with significant escalations expected to be visible on mainstream news by Sunday/Monday. He says operations were timed with three nights of minimal moonlight to maximize air mission effectiveness.
• Regional airspace: He anticipates US use of Iraqi airspace despite denials, implying Iraq will be indirectly affected.
• Domestic risk: Warns of potential retaliation on US soil; mentions “active threats” and contingency plans; advises personal preparedness.
• Energy outlook: Expects gas prices to rise over the next six months (possible policy shifts in January could alter trajectory).

Political landscape and implications (Tony’s perspective)

• Post-election environment: He says the House and Senate turned blue and that on Tuesday, Trump stated he could work with Democrats; however, Tony notes a new chief of staff selection tied to “2025,” fueling expectations of heightened partisan conflict and limited cooperation for the next two years.
• Economic uncertainty: He warns that policy gridlock could make getting “anything done” difficult, with downstream effects on the economy and on RV execution logistics.
• Values and unity: Tony reaffirms being a Democrat while agreeing with certain Trump-era policies (notably border control under order, not closure). He emphasizes equality regardless of race, religion, or politics, and rejects racism.

Rollout timeline and bank readiness (Tony’s account)

• This week’s sequence:
  • Wed–Thu: Tony refrained from calls due to extreme volatility and repeated “today/tomorrow” promises that didn’t materialize.
  • Friday schedule: Banks reportedly briefed to come in early; plan was to release 800 numbers after 4 pm (ET) and start in-branch appointments by 10 am (ET) Friday. Did not happen.
  • Referral program: Banks intended to start a referral-based intake if 800 numbers lagged, but halted Friday due to internal commission-crediting disputes among bankers (see below). Systems were being reworked; referral flow could start Saturday.
  • New go-live window: He was told it would go live Friday night 6 pm PT/9 pm ET, with customers in banks two hours later; infeasible due to 11 pm ET branch closures. Next window shifted to early Saturday morning (by ~6 am ET), with an expectation that Forex shows rates by Sunday when it reopens. Tony notes West Coast timing (3 am PT) is impractical for many.
• Key constraint: Banks closing around 11 pm ET complicates late-evening go-lives.

Bank referral program: commission-crediting dispute (operational roadblock)

• Issue: Bankers were “stealing each other’s commissions” on referrals—e.g., a referring banker in one city not being credited when the client exchanged in another city.
• Result: Referral program paused Friday; system changes underway to ensure proper crediting. Some banks may attempt to restart referrals Saturday pending fixes.

Evidence of ongoing exchanges (Tony’s anecdotes)

• Daily exchanges: Tony states people have been exchanging each day this week at higher rates, though public rollout is pending.
• Example case:
  • One exchanger reportedly received immediate cash, had accounts configured with a daily purchase cap of ~$200,000 before manual verification, and obtained a “black card” the next day.
  • Early exchangers were reportedly paid the quoted rates across their entire holdings (no tiered caps) earlier this week. Tony cautions that new limits may take effect starting Saturday.

Rates, products, and contracts (Tony’s guidance; subject to bank variation)

• Reported bank quote variance (banks competing):
  • IQD: ~28.50 (Tony’s figure on this call).
  • VND: One bank quoted ~$9; another ~$13.
  • VS (context suggests Venezuelan Sovereign currency; Tony abbreviates “VS”): ~1.15.
  • ZIM: ~$33 or ~$50.
  • Note: Tony stresses these are the numbers he’s hearing; different banks may show different screens.
• Contract rates and allocation:
  • Only about 10% of early exchangers received “contract rates” or higher limits; Tony says this aligns with a pre-agreed allocation and is intended for the TNT group members who are informed and ask properly.
  • NDAs: Anyone receiving above public Forex rates will sign an NDA; shortest NDA term ~90 days.
• Contract length and interest/payout structure:
  • Tony emphasizes negotiation: those who did not explicitly ask for specific terms (e.g., 3–5 year contracts, monthly interest crediting, higher interest/return bands like “20 and 25”) did not receive them. Default appears to be a 2-year structure with yearly crediting unless otherwise requested.
  • “Closed mouths don’t get fed”: Ask for the rate you want and the structure you want; approval may require escalation to higher authorization levels.
• Process expectations:
  • Appointments can overrun; bring all currency, reconcile amounts carefully; expect manual counting and document execution (including NDAs).
  • Wait times of multiple hours have occurred; be patient and professional.

Inflation risks and spending behavior

• Inflation concern: Banks and policymakers worry that rapid, concentrated post-exchange spending could push prices up as general incomes stagnate.
• Market impacts Tony anticipates:
  • Autos: An estimated 80% of exchangers may buy vehicles; he expects price increases within 2–3 months, backlogs, and higher prices ~90 days out.
  • Housing: Broader market may weaken, but “jumbo”/high-end segments could rise in early Q1 due to exchanger demand.
• Cautionary advice:
  • Don’t overcommit early; the “zeros” can diminish quickly without a plan.
  • Consider broader geopolitical and domestic conditions before major purchases.
  • Plan to support family, friends, and neighbors where possible without jeopardizing your own stability.

Q&A and caller contributions

• Female caller:
  • Asked why some didn’t receive higher rates; Tony reiterated: few got contract rates (about 10%) and those were for informed TNT participants who asked. She is willing to travel to ensure referrer commissions are preserved; Tony notes a referral is required under that system.
• Rico:
  • Sought clarity on VS/Bolivar treatment and “digit removal” mechanics; Tony’s recent exchanger didn’t have digit-truncated notes, so no direct data point yet.
  • Tony believes payouts will align with bank screen values, even if they seem “crazy,” while admitting skepticism about sustainability.
  • Rico’s strategy: accumulate current Venezuelan notes (target ~1,500 notes) as a hedge even if only 1:1 outcomes materialize; diversify away from legacy million-denomination notes (“Soberanos” referenced as “Sabrina”). Tony supports low-cost positioning and diversification.
• Art:
  • Tried to clarify a “dome” reference but was interrupted by technical difficulties; later discussed state political changes and expressed concern for Iranian civilians if escalations target suspected nuclear sites.
• Ray:
  • Reappeared at the end, citing persistent technical challenges; closed the call with the possibility of a Saturday or Monday follow-up.

Operational highlights and uncertainties

• Highlights:
  • Multiple banks were briefed; go-live windows were scheduled and then pushed; referral infrastructure is being adjusted to prevent internal commission disputes.
  • Evidence of real exchanges at higher rates is cited by Tony, with examples of post-exchange card issuance and spending limits.
  • A narrow allocation of contract rates exists and appears to be enforced.
• Uncertainties:
  • Timing: Early Saturday morning go-live and/or referral relaunch remains tentative.
  • Limits: Early exchangers reportedly had full-rate coverage with no caps, but new caps may be introduced imminently.
  • Rate variance: Banks are posting different rates; market competition may increase variability.
  • Geopolitics: Iran strikes and any retaliation could affect domestic conditions, energy prices, and bank operations.

Practical guidance Tony emphasized

• Preparation checklist:
  • Know your target rate(s) and be ready to ask for them explicitly.
  • Decide on contract term (e.g., 3–5 years vs. default 2) and interest crediting (monthly vs. annual).
  • Be prepared for NDAs if pursuing above-Forex rates; shortest NDA ~90 days.
  • Plan for extended appointment times; remain calm and professional.
  • Monitor bank communications for 800 numbers and/or referral instructions; be cautious about misinformation.
  • Budget conservatively, anticipating possible inflation, supply constraints, and broader economic uncertainty.

Closing notes

• Tony praised voter turnouts/changes in Texas (Houston, Austin, Dallas), Georgia, Kansas, Arizona.
• He expected to receive 800 numbers Friday night with a possible “flood” starting Saturday, but acknowledged banks’ closing hours and logistics may push activity into Saturday morning and/or to Forex visibility on Sunday.
• Ray closed the session due to ongoing technical issues, noting a potential follow-up call Saturday or Monday.