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The Standing Buddha two hands up is nowadays one of the most popular representations of the Buddha in south-east Asian countries. It’s a variation of the classical postures of the Buddha.
The statue represents Fearlessness and it comes from the Sanskrit: Abh?ya mudr?. One or both of the Buddha’s arms are shown bent at the wrist and the elbow, with the fingers pointing upwards and the palm facing outwards. It is a new, secondary version of the Buddha originated in Burma; it shows the Buddha in a new posture which evolved from the traditional Buddha’s representations.
This evolution of the mudr?s is a combination of hand gestures and is called "double abh?ya mudr?", with both hands held up in the abh?ya mudr? position. It’s generally interpreted as "Buddha teaching on reason” and it became common in Cambodia several centuries ago. This mudr? can be represented by a standing or seated Buddha, but the standing representation is most common. It’s a symbol of the display of fearlessness by Buddha or his teaching others not to be afraid in the face of adversity. The Right hand raised is a gesture used for "calming animals," and both hands raised can also have the meaning of "forbidding the relatives".