CBM also sold over $1.4 million to edible oil importing companies in addi­tion to the injection of over 396,480 yuan into the market on that day.

CBM sold over $1.425 million, pur­chased from CMP companies, to edible o i l - i m ­porting companies on 18 No­vember.

CBM sold 300,000 yuan to import­ers of herbicide, fertilizer, tar, pharma­ceuticals and raw materials, industrial raw materials, construction materials, auto parts and accessories of motor­cycle, telecommunication equipment, feedstuffs, packaging materials, steel, consumer goods and food commodities on 17 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