NUG Pay two-year report released
On July 8, the Ministry of Planning, Finance, and Investment published a “Two-year Annual Report” to mark the anniversary of the launch of NUGPay, which is the National Unity Government's (NUG) financial circulation mechanism for ending dependence on the financial system under the control of the terrorist military group and for the security challenges faced by the people.
On June 26, 2022, NUGPay established and distributed Digital Myanmar Kyat (DMMK) as the official digital currency of the state with the approval of the government. Currently, there are approximately 35,000 NUGPay users and the market turnover is DMMK 37.2 billion, according to the report. The amount of money flow and transaction in the system has already reached 1.5 trillion kyats.
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