The Burmese government-in-exile has announced the raising of some 100 million euros to finance its effort against the military coup junta that seized power in the country in February 2021.
Nearly half of these funds are coming from sales of so-called Spring Revolution Treasury Bonds, and others have been raised through auctions of property seized by the military, exiled finance minister Tin Tun Naing has told Bloomberg.
The minister has promised buyers that the National Unity Government will award the acquired assets once the junta is ousted from power. Among the assets are two mansions now owned by junta chief Min Aung Hlaing.
Similarly, the government-in-exile intends to launch a cryptocurrency and cryptocurrency offering «to establish the Spring Development Bank by the end of next month.»
The group, which has been trying since its exile to access nearly €1 billion in assets frozen by the United States, regularly collects taxes in 38 of the 330 townships in Burma that resistance groups have under control.
Burma has been mired in civil war since the coup. In about a year, more than 2,500 people have been killed in junta operations and another 16,500 have been detained, according to the Assistance Association for Political Prisoners of Burma (AAPP).
Source: (EUROPA PRESS)
