THE Central Bank of Myanmar (CBM) sold over US$35 million, 34 million baht and over three million yuan in February.
CBM sold over $1.95 million to edible oil-importing companies and $1 million to fuel oil-importing companies on 27 February, along with an injection of 130,000 yuan and over 2.55 million baht into the market.
CBM announced on 26 February that it would sell 50 million baht to importers. Furthermore, CBM injected three million baht into the market on that day and sold over $2.21 million to edible oil-importing companies and $1 million to fuel oil-importing companies on that day.
CBM sold over US$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
