NUG outlaws government bonds

NUG outlaws government bonds

Mizzima

The National Unity Government (NUG) has said that it regards the sale of government bonds as illegal because money from their sale funds the junta.

It also said that those who buy treasury bonds, such as the Tun Foundation Bank and cronies U Zaw Zaw, U Thein Wai. U Ko Ko Gyi, U Aung Ko Win, will be held accountable for abusing the Myanmar people.

In a statement U Tin Tun Naing, the NUG minister of Planning, Finance and Investment said: “The sale of treasury bonds [is] illegal because the military council is using the money to carry out terrorist acts against the people. Consequently, entrepreneurs, including local private banks, will be held accountable, and the public should know that the money deposited by the people was being used as financial support for the terrorist military army, and that action would be taken in accordance with the law.”