THE Central Bank of Myanmar (CBM) sold over 700,000 yuan on 24 June. Furthermore, CBM sold US$870,000, which was purchased from the CMP companies, to edible oil importing companies on that day.
CBM announced on 23 June to pump $30 million into the fuel oil sector. CBM sold $464,500 to edible oil importing companies and over $496,000 to commodity importing companies on that day after injection of over 16,540 yuan into the market.
CBM sold over $600,000 and 387,000 yuan on 20 June. Furthermore, it sold $800,000 to edible oil importing companies and over $503,000 from its designated injection to commodity importing companies.
CBM pumped over $577,000 out of its designated $10 million injection to commodity-importing companies on 19 June.
Moreover, CBM sold $1.524 million from the companies working on a Cutting-Making and Packaging basis to edible oil importing companies on the same day.
CBM sold over $1 million out of the designated $10 million injection to commodity-importing companies on 18 June 2025. Furthermore, CBM also sold $1.68 million from CMP companies to edible oil importing companies on that day.
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
