NUG treasury bonds available in Myanmar soon

09 December 2021
NUG treasury bonds available in Myanmar soon

The Internal Revenue Department of the NUG officially stated on December 7 that National Unity Government’s treasury bonds for the spring revolution fund will soon be available for purchase in Myanmar.

The Internal Revenue Department of the NUG announced that the treasury bonds purchasing system will be implemented according to the Kachin Independence Organisation- KIO’s remittance system, and with the administration and banking system in a collaboration with the Kachin Political Interim Coordination Team (KPICT).

Safety buying plans, detailed sale plans and the launch date will be announced later according to the statement.

Among NUG treasury bonds aimed to achieve $1,000 million, the first batch of the R series sold for a $200 million sale starting from November 22nd and bonds worth $9 million were sold out in a few hours on that day internationally.

The two-year special treasury bonds are set to sell for a total of $ 1,000 million, with four types of sale contracts, $100, $500, $1000 and $5,000.

The NUG government is planning to make the first batch of NUG treasury bonds available in Myanmar soon, as it can only be purchased through foreign bank accounts.

HE Tin Tun Naing, the Union Minister for the Internal Revenue Department (NUG), also urged people to buy treasury bonds sold by NUG with the intention of winning the revolution.