THE Central Bank of Myanmar (CBM) injected US$25 million and 2.8 million Thai baht on 6 January.
It sold over 510,000 yuan on 3 January after sales of $25 million, over 670,000 yuan and 2.45 million baht on 2 January.
CBM pumped $144 million, 321 million baht and over 12 million yuan in December 2024, over $59 million, over 280 million baht and 8.78 million yuan in November and over $91 million, over 610 million baht and 9.8 million yuan in October into the financial market.
CBM aims to curb the instability in the foreign exchange market and the currency devaluation. According to CBM’s notification on 15 March, it has been joining 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
