THE Central Bank of Myan­mar (CBM) announced on 22 April that it would pump US$25 million into the fuel oil sector. CBM sold over $319,900 and 106,080 baht on that day as well.

CBM also declared to sell $55 million to those engaged in the fuel oil industry.

CBM sold almost $1.9 million on 10 April. CBM an­nounced on 7 April that it would pump $30 million into the fuel oil industry, and after that, 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 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