THE Central Bank of Myanmar (CBM) announced on 12 November that it would pump US$27 million into the fuel oil sector. Furthermore, CBM sold $240,900 to edible oil-importing companies, along with an injection of 600,000 yuan into the market on that day.
CBM sold over $762,760 to edible oil-importing companies on 11 November 2025, along with an injection of $660,000 purchased from CMP companies to the market.
CBM sold $800,000 to edible oil-importing companies on 10 November, in addition to an injection of 300,000 in the market.
CBM announced on 8 November that it would inject $30 million into the fuel sector. Furthermore, CBM sold $698,900 to edible oil-importing companies on that day.
CBM also sold $600,000, purchased from CMP companies, to edible oil-importing companies on 7 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
