Wednesday, June 19, 2024
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Myanmar’s shadow government rakes in over USD 9 million on the first day of treasury bond selling

Yangon – National Unity Government of Myanmar has raised USD 9.5 million within 12 hours of kickstarting the selling of special treasury bond. 

The digital payment platform was crashed at one point due to the high volume of traffic as Myanmar diasporas communities are reportedly rushing in to buy the bonds, revealed by Public Voice Television. 

Myanmar’s National Unity Government (NUG) aims to raise USD 1 billion for its national budget to provide health, humanitarian needs for internally displaced people and its defense department as people defense forces across the country are in much need of urgent assistance. 

Under the title of “Spring Revolution”, the NUG has launched the marathon campaign to raise funds for spearheading the much-needed programs and projects in toppling the military regime. 

The treasury bond selling is just part of the marathon campaign that is aiming to raise at least USD 200 million from this. 

On the first day of kickstarting the treasury bond selling four different prices from $100 to $5,000, NUG has raised USD 9.5 million within 12 hours. 

The bond is said to have a maturity date of two years term with no interest. 

The fund raised from the bond selling is said to spearhead its Spring Revolution.


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