THE Central Bank of Myanmar (CBM) sold US$600,000 to edible oil-importing companies and over $232,500 to those individuals who made non-trade payments after an injection of over one million yuan into the foreign exchange market on 20 August. CBM announced on 19 August that it would sell $32 million to fuel oil importers.
Additionally, CBM sold $314,375 to edible oil importing companies and $36,550 to those who made non-trade payments, in addition to an injection of 337,500 into the financial market on that day.
CBM sold $700,800 to edible oil-importing companies and over $429,200 to fuel oil-importing companies on 18 August, in addition to an injection of 579,910 yuan into the financial market.
Additionally, CBM sold over $429,260 to CMP companies and those who made non-trade payments on that day.
CBM sold $1.16 million to edible oil-importing companies and over $76,600 to CMP companies and those who made non-trade payments on 15 August, in addition to an injection of $244.000 into the financial market.
CBM pumped $1 million and over 1.27 million yuan into the financial market on 14 August.
Furthermore, CBM sold over $1.88 million to edible oil-importing companies and over $220,900 to CMP companies and those who made non-trade payments on the same day.
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
