CBM sells over US$1.6M to importers

The Central Bank of Myanmar (CBM) sold over US$1.62 million to edible oil-importing companies and $8,617 to CMP companies on 12 June, along with over $2,600 in non-trade transactions.

CBM injected over $49,000 on 11 June and over $36,600 into CMP companies on 10 June.

CBM has been injecting US dollar to the edible oil importing companies, with $286,000 on 11 June, $1.38 million on 10 June, $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

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