THE Central Bank of Myanmar (CBM) announced on 10 June that it would sell US$32 million to fuel oil importers. CBM sold 600,000 yuan, 694,750 baht and over US$730,440, purchased from companies working based on Cutting, Making and Packaging on the foreign exchange trading platform to fuel oil importers on that day.

CBM pumped over 400,000 yuan on 9 June, over $501,000 on 6 June and 364,400 yuan on 5 June into the foreign exchange market.

CBM announced on 4 June that it would sell $30 million to fuel oil importers. CBM pumped $422,000, 345,850 yuan and over 2.1 million baht on that day into the foreign exchange market.

CBM injected over 600,000 yuan and 2.6 million baht on 3 June, 579,900 yuan and 4.7 million baht on 2 June, over 610,000 yuan and 2.4 million baht on 30 May af­ter the sale of 4.3 million baht on 28 May into the financial market.

CBM announced on 27 May that it would sell $30 million to fuel oil importers.

CBM aims to curb the in­stability in the foreign exchange market and currency devalua­tion. According to CBM’s notifi­cation on 15 March, 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