THE Central Bank of Myanmar (CBM) sold over US$1.38 million to edible oil-importing companies and over $36,600 to CMP compa­nies on 11 June.

CBM has been in­jecting US dollars into the edible oil-importing companies, with $2.6 million on 9 June, $3.6 million on 8 June, over $2.9 million on 4 June, over $2.89 million on 3 June, $1.79 million on 2 June and over $646,800 on 1 June, respectively.

CBM also sold $51,210 to CMP com­panies on 8 June, along with a $380-valued non-trade transaction.

CBM sold $3 mil­lion, purchased from CMP companies, to LNG-importing com­panies on 5 June. CBM sold over $109,300 to CMP companies and $3 million to LNG com­panies on 4 June, along with $1,650 worth of non-trade transactions.

Moreover, CBM sold $3,003 to CMP com­panies on 3 June after making a $48,250-valued non-trade transaction. CBM also sold over 26,400 on 2 June and over $46,000 to CMP companies on 1 June, along with $33,255 worth of non-trade transac­tions. CBM pumped over $51 million and 1.2 million baht into the for­eign exchange market in May.

CBM injected over $35 million, 34 million baht and over three million yuan in the for­eign exchange market in February and over $43 million, 65 million baht and over four million yuan in January 2026. CBM has injected for­eign currencies into the foreign exchange mar­ket and the edible oil and fuel oil import sector, with a view to curbing the instability in the for­eign exchange market and currency devalu­ation and maintaining market stability. Accord­ing to CBM’s notification on 15 March 2024, 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