THE Central Bank of Myanmar (CBM) announced on 26 August that it would sell US$32 million and 15 million yuan to importers of other commodities.
CBM also sold $930,000 to edible oil-importing companies, $260,354 to fuel oil-importing companies and over $452,280 to CMP companies and those who made non-trade payments.
CBM sold over $444,430 to edible oil-importing companies and $390,000 to fuel oil-importing companies on 25 August after sales of over $29,440 to those who made non-trade payments.
CBM pumped $1.177 million into edible oil importing companies and over $287,600 into fuel oil importing companies on 22 August, after sales of 500,000 baht.
Furthermore, it sold over $102,700 to companies working on a Cut, Make and Pack basis and those who made non-trade payments.
CBM sold over $602,000 to fuel oil importing companies and $150,000 to edible oil importing companies on 21 August, beyond the injection of over 702,000 baht into the market.
CBM sold $36.5 million purchased from companies working on a Cut, Make and Pack basis, in addition to the injection of $8.8 million, 13.3 million baht, 10.5 million yuan and 500,000 rupees in July. Furthermore,
CBM sold over $2.3 million to other commodities-importing companies as per its initial announcement of selling $10 million. CBM sold $8.4 million, 13.9 million baht and 5.2 million yuan in June 2025, in addition to the injection of $14.9 million that was purchased from the CMP enterprises into the financial market.
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
