Myanmar: Myanmar Junta to Sell More Timber in Search for Hard Currency

Jun 8, 2021 | Irrawaddy
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Myanmar’s military regime will hold further timber auctions on June 23 and 24 as it seeks to raise hard currency to fund its coup. Myanma Timber Enterprise (MTE), the state-run entity which controls Myanmar’s timber sales, held three separate auctions in late May in which nearly 10,300 tons of timber were sold for around US$5 million (8.2 billion kyats). The wood sold reportedly came from a stockpile of 200,000 tons of illegal timber seized under the ousted National League for Democracy government.