THE Central Bank of Myan­mar (CBM) sold over 600,000 yuan and 2.6 million baht on 3 June after sales of 579,900 yuan and 4.7 million baht on 2 June.

CBM injected over 610,000 yuan and 2.4 million baht on 30 May after sales of 4.3 million baht on 28 May into the finan­cial market.

CBM announced on 27 May that it would sell $30 million to fuel oil importers.

CBM aims to curb the instability in the foreign ex­change market and curren­cy devaluation. According to CBM’s notification on 15 March, 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