THE Central Bank of Myanmar (CBM) announced on 4 August that it would sell 10 million yuan and 50 million baht to importers.
CBM also sold over $1.08 million to edible oil importing companies and $620,200 to fuel oil importing companies on that day.
CBM also pumped over $1.04 million into edible oil-importing companies and over $434,400 into fuel oil-importing companies on 1 August.
CBM sold $36.5 million purchased from companies working on a Cut, Make and Pack basis, in addition to an 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 an 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
