Irrawaddy-Nov 23

Myanmar’s civilian National Unity Government (NUG) sold more than US$6 million (10.7 billion kyats) worth of bonds in less than 12 hours on Monday.

In an unprecedented move, the NUG announced early this month that it would be selling bonds to fund the “revolutionary movement” against the dictatorship. The bonds are valued at $100, $500, $1,000 and $5,000. The NUG’s Public Voice Television (PV TV) announced on Tuesday morning that bond sales from 2 p.m. to midnight on Monday reached $6.3 million, with more than $2 million of that being raised in the first two hours. NUG Minister for Planning, Finance and Investment U Tin Tun Naing urged Myanmar people both at home and abroad to participate in fundraising to help the revolution prevail. Buying bonds is one of three ways to contribute, in addition to buying lottery tickets and paying voluntary tax, he said. Excluding military spending, the NUG is hoping to raise at least $800 million for social and humanitarian support, including health care, education, social care and funding for military personnel and police officers who defect. Read more at: https://www.irrawaddy.com/news/burma/myanmar-civilian-govts-bond-sale-raises-over-6-million-in-under-12-hours.html