Sunday, August 7, 2022
News

Pro-democratic forces in Myanmar raise USD 6.3 million through sale of bonds to topple military dictators

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Naypyidaw | November 28, 2021 7:17:48 AM IST
The alliance of pro-democratic forces in Myanmar said that they have raised USD 6.3 million on the first day of the sale of bonds offered to generate funds to topple the military dictators.

This came after the National Unity Government (NUG), an alliance of pro-democracy groups, said that bonds went on sale on Monday to mainly Myanmar nationals overseas in denominations of USD100, USD500, USD1,000 and USD5,000, with two-year tenures, an independent newspaper Borneo Bulletin reported.

Despite the fact that the bonds will not generate any interest for buyers, the NUG raised USD3 million in the first three hours of sale, increasing to USD 6.3 million by the end of the day.

"From this, I witness the enthusiasm of people in the case of uprooting the fascist military," NUG spokesman Sasa was quoted as saying by Borneo Bulletin.

The overall target is to reach USD1 billion through the bonds.

These bonds will be used to revolt against the military junta which ousted the democratically government in Myanmar.

The country has been in turmoil since the Myanmar military came into power.

On February 1, the Myanmar military led by Senior General Ming Aung Hlaing overthrew the civilian government and declared a year-long state of emergency. The coup triggered mass protests and was met by deadly violence.

As reported by the Radio Free Asia, nearly 1,300 civilians have been killed since the military overthrew the democratically elected government in Myanmar while more than 7,000 people have been detained.

Hundreds of thousands of people have also been internally displaced in the country of 54 million people, amid food shortages and the coronavirus pandemic, Assistance Association for Political Prisoners said. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Three dead in bomb last on second day of...
80 injured, 17 missing as lightning stri...
Maldives govt reaffirms commitment to On...
Pakistan: Policeman among three injured ...
Chinese city Yiwu put under partial lock...
China should not hold global concerns ho...
More...
 
INDIA WORLD ASIA
Har Ghar Tiranga programmes will be a bi...
Education Minister, UGC, NTA review CUET...
Centre assures all possible help to cont...
Suvendu Adhikari writes to PM on 'corrup...
Global Investors Meet: K'taka minister i...
Prez, PM congratulate Dhankhar on becomi...
More...    
 
 Top Stories
Study reveals how bats develop impr... 
Indian Coast Guard Dornier aircraft... 
First time ever, US Navy ship arriv... 
Friendship Day 2022: Best on-screen... 
Imran Khan destroyed economy, CPEC ... 
West Bengal: Artisans struggle to m... 
Taliban responsible for defending a... 
Tara Sutaria drops a cute picture w...