Myanmar’s revolutionary bonds come in four denominations and can be purchased through a bank account in the Czech Republic The Civilian National Unity Government of Myanmar (NUG) regards itself as the country’s legitimate government and opposes the ruling military government. It has achieved surprising success in placing its so-called sovereign bonds or “revolutionary bonds.” An initiative announced at the time. moon. According to the Irrawaddy report, on November 22, NUG sold bonds worth more than US$6 million through foreign banks in less than 12 hours. This was an unprecedented transaction. NUG’s broadcasting company public voice television is in…
The Civilian National Unity Government of Myanmar (NUG) sees itself as the country’s legitimate government, opposes the ruling military government, and has achieved surprising success in establishing its so-called sovereign bond or “revolutionary bond” Announce Earlier this month.
In an unprecedented transaction, NUG sold bonds worth more than 6 million U.S. dollars through foreign banks in less than 12 hours on November 22. Irrawaddy Report.
NUG anchor Public voice television It was announced the next morning that the bond sales from 2 pm to midnight reached US$6.3 million, and more than US$3 million was raised in the first three hours. According to the report, the buyer of the bond paid an account in the Czech Republic by international transfer, but did not provide detailed information about the financial adviser or bank.
The bonds are mainly sold to overseas Myanmar nationals in denominations of US$100, US$500, US$1,000 and US$5,000, with a maturity of two years and no interest. The shadow government stated that the proceeds will be used to fund a “revolutionary movement” against Burma’s dictatorship.
$1 billion in funds for the anti-junta struggle
In the long run, the overall goal of NUG funding is $1 billion. In addition to revolutionary bonds, people overseas and at home can choose to buy tickets for another “national lottery” set up by the shadow government, or in addition to donations, they can also voluntarily pay taxes as a contribution to the struggle against the military government.
NUG stated that these choices will encourage people not to pay taxes to the military government-led government and boycott military-related companies and national lotteries as part of the civil disobedience movement.
Excluding military spending, NUG hopes to raise at least US$800 million for social and humanitarian support, including health care, education, social services, and funding for military personnel and police who defected from the Burmese army.
