THE Central Bank of Myanmar (CBM) sold US$1.9 million on 10 April.

CBM announced on 7 April that it would pump $30 million into the fuel oil industry and afterwards, it sold $40 million and over six million baht on that day.

CBM injected 500,000 yuan on 4 April and over 2.35 million baht on 3 April into the market.

CBM injected over $126 million, 320 million baht and 3.6 million yuan in March, over $88 million, 7.5 million yuan and 161 million baht in Feb­ruary, and $124 million, over 13.8 million baht and over 4.8 million yuan in January. 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 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