ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Myanmar Crisis

Myanmar's shadow government to issue $1bn in zero-interest bonds

Funds to support those resisting military government after February takeover

People hold placards in Yangon calling for a boycott of products made by companies associated with Myanmar's military government. (Photo courtesy of Ma We Nae)

BANGKOK -- The National Unity Government of Myanmar (NUG), a pro-democracy group, has decided to issue its own "bonds" worth $1 billion. It aims to establish itself as the legitimate government of Myanmar after the military seized power in the country in February.

NUG announced on Thursday that in addition to issuing bonds and lottery tickets it would collect income and corporate taxes from citizens and businesses. Funds raised through the bond issuance and other means will be used to support those who have lost their jobs by participating in the resistance movement. People in Myanmar continue to protest the military takeover of the government.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more