THE Central Bank of Myanmar (CBM) sold over US$3.3 million to edible oil-importing companies on 27 January again, in addition to an injection of $430,000, 137,970 yuan and over 2.47 million baht into the market.
CBM sold over $3.29 million to edible oil-importing companies on 26 January, along with selling over 565,900 baht.
CBM sold over $1.96 million to edible oil-importing companies and over $3.45 to fuel oil-importing companies on 23 January, after pumping over 4.88 million baht into the market.
CBM sold over $1.09 million to edible oil-importing companies and over $452,000 to fuel oil-importing companies on 22 January, in addition to an injection of over 292,000 yuan and over 4.5 million baht into the market on that day.
CBM announced on 21 January that it would sell $25 million to those engaged in the fuel oil sector. CBM continued injecting 3.95 million baht into the foreign exchange market after selling over $649,000 to the edible oil-importing companies on 21 January.
CBM pumped $34 million, 11 million baht and 300,000 yuan into the market in December 2025.
CBM aims to curb the instability in the foreign exchange market and currency devaluation. 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
