THE Central Bank of Myanmar (CBM) sold over US$2.99 million to edible oil-importing companies and $260,000 to fuel oil-importing companies on 6 April, in addition to transactions of $279,000.

CBM sold over $2.48 million to edible oil-importing companies on 3 April, along with transactions of over $3.24 million and 1.78 million baht.

CBM announced on 2 April that it would pump $49 million into the fuel oil sector. Moreover, CBM also sold $2.35 million to edible oil-importing companies and $4.1 million to fuel oil-importing companies on that day, in addition to transactions of over $7 million and three million baht in the foreign exchange market.

In addition to transactions of large amounts of foreign currencies (yuan, dollar, baht) in the foreign exchange market, CBM has been injecting US dollars to stabilize the foreign exchange market and calm the oil prices.

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 injected forex 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