THE Central Bank of Myanmar (CBM) announced on 28 October that it would sell US$22 million and 100 million baht to those engaged in the fuel oil industry.
Furthermore, CBM sold over $1.3 million, purchased from CMP companies, to edible oil-importing companies, in addition to sales of 180,000 yuan in the market on that day.
CBM pumped over $1 million into the edible oil import sector and $290,000 into the fuel oil import sector on 27 October, in addition to sales of 300,000 yuan in the market.
CBM sold over $1.988 million to edible oil-importing companies and $242,600 to fuel oil-importing companies on 24 October.
CBM sold over $2.4 million to edible oil-importing companies and over $547,900 to fuel oil-importing companies on 23 October, along with an injection of 900,000 yuan into the market.
CBM injected over $2.66 million purchased from the CMP companies into the edible oil import sector on 22 October 2025.
CBM pumped over US$39 million purchased from CMP companies into the market in September 2025. Moreover, CBM also injected over $680,000, 6.2 million yuan and 300,000 baht into the market through the foreign exchange market online trading platform last month.
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
