Home World The shadow government of Myanmar sells 208 million baht “bonds” to raise funds for the revolution to overthrow the military dictatorship.

The shadow government of Myanmar sells 208 million baht “bonds” to raise funds for the revolution to overthrow the military dictatorship.

by news dir

Myanmar shadow government sells – On Nov 23, Reuters reported that the National Unity Government Myanmar’s shadow government, formed by anti-junta lawmakers, said it raised $6.3 million (about 208 million baht) through bond sales on the first day of the sale. It was the biggest move to raise money for the revolution to overthrow the junta, with a target of $1 billion.

Follow the news, press follow, live news

Myanmar has been in a bloody situation since Feb. 1, 2021 when the military seizes power from Aung San Suu Kyi’s government, prompting people to join forces to challenge the junta. All movements are supported mainly by public donations.

national unity government Alliance for Democracy The ethnic minority army and the remainder of the seized civilian government said the sale of bonds, starting on Nov. 22, was primarily to foreign nationals of Myanmar.

Divided into price categories of $100 (about 3,300 baht), $500 (about 16,000 baht), $1,000 (about 33,000 baht) and $5,000 (about 165,000 baht), and that bond buyers make payments through international transactions to their accounts. in the Czech Republic in Europe

Although the bond did not pay interest to the buyer, in the first three hours the bond was sold for $3 million (about 99 million baht) and in one day it rose to about 208 million baht.

Dr. Zaza, spokesman for the Myanmar National Unity Government, said that from the first day of funding I saw the people’s enthusiasm for uprooting the military dictatorship. A 27-year-old Myanmar woman said she invested in 16,000 baht bonds and did not expect to get the money back after two years because she bought it because she wanted to help the revolution.

Opposition groups have sought to eliminate the junta’s tightening of power by encouraging citizens not to pay taxes and join in protests, civil disobedience and boycott military-related businesses, including lotteries.

Related news:

regional parliamentarians Call for the Government of Myanmar’s National Unity to attend the ASEAN Summit

Related Articles

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.