TNT UPDATE 6/3/24
Opening monologue notes, I’ll add any additional info, after I finish the entire call.
Tony said it was supposed to go Saturday night, but there was a hiccup. It didn’t go Sunday night, because the Finance Committee didn’t approve the rate. He said everyone is on “high, high alert” now. Initially he was told by Thursday this week, at the very latest. The banks are now waiting to receive the notification, that the 800 #’s have gone out to us. The Treasury is saying by Wednesday, but the Federal Reserve has just called everyone in. It can happen at any time, starting after 4:00pm today.
The budget has passed, the
contracts have started to begin being fulfilled, and the Iraqi people are being paid for June wages. The rate has not been publicly announced to the Iraqi people yet, and there is no sign of the lower denominations. It’s unknown if they are waiting until Wednesday to publish the rate in the Gazette or not.
Rates on the Bolivar are showing at 36.84 and climbing. The range originally anticipated was between 22-55.
That’s it for the opening, let’s see this done, and have an awesome day. 🙏🥳
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