THE Central Bank of Myanmar (CBM) has injected over US$6.17 million into the edible oil sector from 3 to 9 March, with $1.97 million on 9 March, $1.96 million on 6 March, over $1.24 million on 4 March and $1 million on 3 March.
Furthermore, CBM pumped $220,000, 300,000 yuan and over five million baht into the foreign exchange market on 6 March. CBM also injected over 5.6 million baht into the market on 4 March. CBM injected $1 million into the fuel oil import sector on 3 March, along with selling over 470,990 yuan and over 631,800 baht in the foreign exchange market.
CBM sold over $35 million, 34 million baht and over three million yuan in February. CBM sold over $43 million, 65 million baht and over four million yuan in January 2026.
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
