In a campaign for a “revolution” towards Myanmar’s military following the February 1 coup and bloody crackdown, the country’s shadow government started issuing particular “treasury bonds” and say they raised more than US$6.three million on the first day.
The National Unity Government, or NUG, is a coalition of pro-democracy organisations, ethnic minority militaries, and remnants of the country’s deposed civilian authorities, which is named the National League for Democracy led by detained Aung San Suu Kyi.
NUG’s Deputy Minister for Planning, Finance, and Investment, Min Zeyar Oo, informed native news station DVB TV News that they were offered inside two hours of the $2.2 million transaction through unitedbonds-nug.org.
He informed residents to cooperate without fear, as expertise ensures the security of shoppers. Simple added that NUG has made the financial institution switch system easier and more versatile with the finest attainable preparations so that money can be moved securely and the unique owner, as nicely as a successor, may be absolutely secured and protected from the military junta.
NUG is promoting so-called “revolution bonds”, that are interest-free at 4 costs: $100, $500, $1000, and $5,000, and may be acquired individually or in groups.
The contract terms for bonds are two years and can be transferred back earlier than the expiration date, however you’ll not be allowed to resell them and can solely be able to take action once they’ve expired.
It is the primary time within the historical past of the world that a revolutionary authorities has issued such interest-free treasury bonds, and the pro-democracy people of Myanmar may have an excellent historical document of their final opposition to the army dictatorship.
The minister mentioned customer service could be contacted through customer-support@unitedbonds.org..