THE Central Bank of Myanmar (CBM) sold US$2.17 million to edible oil-importing companies and over $150 to CMP companies on 11 May.

 

CBM sold $1.3 million to edi­ble oil-importing companies and over $334,400 to CMP companies on 8 May.

 

CBM sold over $1.337 million to edible oil-importing compa­nies, over $10,490 to CMP com­panies and $1 million to LNG-im­porting companies on 7 May.

 

CBM sold over $1.73 million to edible oil-importing compa­nies and over $253,000 to CMP companies on 6 May.

 

CBM announced on 5 May that it would inject $135.31 mil­lion into fuel oil businesses. CBM sold over $1.9 million to edible oil-importing companies and over $25,790 to CMP companies on 5 May on the same day.

 

CBM sold over $3.35 million to edible oil-importing companies and $2 million to LNG- importing companies on 4 May, along with a transaction of 1.2 million baht in the foreign exchange market.

 

CBM injected foreign cur­rencies into the market, with a view to curbing 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