CBM sold $890,500 to edible oil-importing com­panies and over $130,000 to CMP companies on 22 June, over $2.88 million to edible oil-importing companies and $84,000 to CMP companies on 19 June, over $26,000 to CMP companies on 18 June, $1.13 to edible oil-importing companies and over $170,000 to CMP companies on 17 June, over $24,600 to CMP com­panies on 16 June and $3.37 million to edible oil-importing companies and over $6,300 to CMP companies on 15 June, along with over $10,200 worth of non-trade trans­actions.

CBM has been in­jecting US dollars to the edible oil-importing com­panies, with $1.62 million on 12 June, $286,000 on 11 June, $1.38 million on10 June, $2.6 million on 9 June, $3.6 million on 8 June, over $2.9 million on 4 June, over $2.89 million on 3 June, $1.79 million on 2 June and over $646,800 on 1 June, respectively.

CBM injects foreign currencies into the for­eign exchange market and the edible oil and fuel oil import sectors to curb instability in the foreign exchange market, prevent currency devalu­ation, and maintain mar­ket stability. 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. Starting from 5 December 2023, the CBM permitted author­ized dealers, which are private banks, to freely engage in online foreign exchange trading at mar­ket rates based on supply and demand. — NN/KK