CBM continues US$2.5M injection into edible oil sector

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  • CBM continues US$2.5M injection into edible oil sector

The Central Bank of Myanmar (CBM) injected 2.1 million baht and US$180,000 into the market on 24 February, in addition to selling over $2.5 million to edible oil-importing companies.
CBM sold $1.1 million, purchased from CMP companies, to edible oil-importing companies, in addition to selling 260,000 yuan in the market.
CBM announced on 20 November that it would sell $30 million to fuel oil importers. CBM also injected $543,000 and 1.3 million baht into the market after selling $1.35 million to edible oil- importing companies on the same day.
CBM pumped over 971,900 yuan and 4 million baht into the market, and sold over $1.84 million to edible oil importing companies.
CBM sold $900,000 to edible oil-importing companies and $2 million to fuel oil-importing companies on 18 February, along with an injection of $2 million, 130,000 yuan and over 679,540 baht on that day.
CBM sold over $43 million, 65 million baht and over four million yuan in January 2026.
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

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