THE Central Bank of Myanmar (CBM) sold over US$1.69 million to edible oil-importing companies, along with an injection of over 5.77 million baht and over 331,000 into the market on 8 January.
CBM announced on 7 January that it would sell $22 million to those business entities engaged in the fuel oil industry.
CBM sold over $1 million to edible oil-importing countries, in addition to an injection of over 7.95 million baht purchased from CMP companies into the market on that day.
CBM pumped over 3.18 million baht and over 479,900 yuan into the financial market on 6 January 2026, in addition to selling over $481,000 into the edible oil-importing companies.
CBM sold $2.24 million, purchased from CMP companies, to edible oil-importing companies on 5 January 2026, along with an injection of over 782,500 yuan into the market.
CBM made an injection of over $21 million, 2.4 million yuan and 1.5 million baht in November.
CBM injected over $2.48 million, 5.75 million yuan and 4.98 million baht in October, along with sales of over $54 million purchased from CMP companies.
CBM aims to curb the instability in the foreign exchange market and currency devaluation. According to CBM’s notification on 15 March 2024, it has been collaborating with law enforcement agencies to combat and prosecute those who attempt to manipulate the currency market under the existing laws. CBM allowed authorized dealers (private banks) to operate online foreign exchange trading freely as per the market rate, depending on supply and demand, starting from 5 December 2023. — NN/KK
