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“This treasury bond is not for the NUG alone. It is for all the people who are working for revolution. It is also for the KIO. We aim to allocate and use these funds for all.” Dr. Tu Hkawng, the NUG’s Union Minister

An interview with the NUG’s Union Minister.

December 9th, 2021

The National Unity Government (NUG) announced on December 7th that it would soon sell its special treasury bonds to the public in Myanmar through the banking system of the Kachin Independence Organization (KIO). The KNG asked the NUG’s Ministre for Natural Resources and Environmental Conservation Dr. Tu Hkawng about that statement.

Q: Pls share the information about treasury bonds for the public’s knowledge.

A: The bond means that the NUG takes loans from the public for money required during the revolution period. The maturity period of the bond is two years. Buyers cannot withdraw money within two years. They can withdraw money only after two years. Another different point for the NUG’s bond is that buyers shall not receive any interest rate. Paying no-interest is aimed at posing a challenge to the public. The NUG decides not to pay interest on purpose, so as to generate the public’s enthusiasm for the resistance against the terrorist military council.

Q: Shall the people inside the country be safe about the money transfer system of the Kachin Political Interim Coordination Team (KPICT)? May I know which system will be used?

A: The NUG is working with the people inside the country. As the KIO has had a tax collection system, we have the means. For instance, millions of money are transferred every day even in places like Phakant. The KIO’s money transfer system means the KIO’s monetary management. The KIO has had this means and processes before.

Q: Under this circumstance, can the military ban money transfer channels of the public living in the border area?

A: It may happen. The military has a tradition of doing like that before. Now almost all bank accounts are freezed. The military will ban the CDM Support Program. We have had means how the military places bans. The military is making all-out efforts to ban the flow of money. The military shall keep a watchful eye on the KIO’s money flows. The military arrests those involved when they get information about it. There is a question as to whether we shall not make revolution due to fear. The people are required to get rid of fear and participate in the revolution bravely.

Q: What message would you like to convey to those who will buy treasury bonds and the public as a minister of the NUG?

A: This treasury bond is not for the NUG alone. It is for all the people who are working for the revolution. It is also for the KIO. We aim to allocate and use these funds for all. So, we all should buy it. It is historic. It will be history for us to show it to our future generations some times in the future. I expect all people will participate in it as much as they can. Four or five people who have a burning desire buy bonds collectively. What I want to say is these treasury bonds are for those who have burning desires and really want to participate in the revolution.
Sent by the KNG.

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