• Burmese
Wednesday, November 29, 2023
No Result
View All Result
NEWSLETTER
The Irrawaddy
25 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Burma

Myanmar Civilian Govt’s Bond Sale Raises Over $6 Million in Under 12 Hours

by The Irrawaddy
November 23, 2021
in Burma
Reading Time: 2 mins read
A A
NUG bond certificates are displayed on its website.

NUG bond certificates are displayed on its website.

7.4k
VIEWS
Share on FacebookShare on Twitter

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.

RelatedPosts

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

November 28, 2023
19.1k
Illusion of Myanmar Military’s Indispensability Has Been Shattered

Illusion of Myanmar Military’s Indispensability Has Been Shattered

November 28, 2023
2.2k
Myanmar Resistance Calls on Junta Troops to Surrender For Their Own Safety

Myanmar Resistance Calls on Junta Troops to Surrender For Their Own Safety

November 28, 2023
1.7k

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.

PV TV said in a statement that the high interest in the bond sale was further proof that “the public’s desire to root out the dictatorship is enormous.”

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.

A large majority of Myanmar’s population rejects military rule and the junta faces opposition in various forms, including flash-mob protests, armed resistance and advocacy.

The NUG was formed mostly by members of the National League for Democracy and representatives of ethnic minorities and anti-regime protest groups in April.

Anti-regime activities have been largely supported by donations since the February coup, although the NUG officially introduced voluntary taxation in August.

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.


You may also like these stories:

Chinese-Owned Banana Plantations Fueling Exploitation in Myanmar

Myanmar’s Transition From Electoral Politics to Gun Politics

Richardson, Myanmar Junta Chief Share a Dislike for Daw Aung San Suu Kyi

Your Thoughts …
Tags: bondsCoupfundjuntaMilitaryMyanmarNational Unity GovernmentNUGraiseregimeRevolutionsale
Previous Post

Chinese-Owned Banana Plantations Fueling Exploitation in Myanmar

Next Post

Death Toll in Myanmar Pagoda Festival Drownings Rises to 20

The Irrawaddy

The Irrawaddy

...

Similar Picks:

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

November 27, 2023
24.3k
Myanmar Junta’s Central Bank Had $6.8 Bn in Reserves at 14 Int’l Banks in March

Myanmar Junta’s Central Bank Had $6.8 Bn in Reserves at 14 Int’l Banks in March

August 21, 2023
16.2k
Myanmar Resistance’s Next Steps are Clear; It’s the Junta’s that Aren’t

Myanmar Resistance’s Next Steps are Clear; It’s the Junta’s that Aren’t

August 8, 2023
12.1k
Revolution and the Escalating Collapse of Myanmar’s Junta 

Revolution and the Escalating Collapse of Myanmar’s Junta 

November 13, 2023
11.7k
Nine Towns Occupied by Myanmar Military for Decades Lost to Resistance in Days

Nine Towns Occupied by Myanmar Military for Decades Lost to Resistance in Days

November 15, 2023
10.6k
Singapore and Indonesia in Spotlight Over Illegal Arms Exports to Myanmar

Singapore and Indonesia in Spotlight Over Illegal Arms Exports to Myanmar

October 3, 2023
10.6k
Load More
Next Post
Rescue workers carry the bodies of pilgrims. / CJ

Death Toll in Myanmar Pagoda Festival Drownings Rises to 20

Regime troops in a Yangon neighborhood in April. / The Irrawaddy

Almost 200 Myanmar Junta-Appointed Administrators Killed Since Coup

No Result
View All Result

Recommended

Echoes of 2017 Genocide as Myanmar Junta Imposes ‘Four Cuts’ on Rakhine

Echoes of 2017 Genocide as Myanmar Junta Imposes ‘Four Cuts’ on Rakhine

6 days ago
6.8k
Illusion of Myanmar Military’s Indispensability Has Been Shattered

Illusion of Myanmar Military’s Indispensability Has Been Shattered

13 hours ago
2.2k

Most Read

  • Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

    Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

    shares
    Share 0 Tweet 0
  • Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

    shares
    Share 0 Tweet 0
  • Myanmar Junta Continues to Suffer Defeats a Month Into Operation 1027

    shares
    Share 0 Tweet 0
  • Myanmar Junta Will Continue to Use Chemical Weapons: MNDAA 

    shares
    Share 0 Tweet 0
  • Chinese Navy Ships Arrive in Myanmar for Joint Drills

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.