CBM injects CNY130K, THB2.5M, US$2.9M into market
The Central Bank of Myanmar (CBM) sold over US$1.95 million to edible oil-importing companies and $1 million to fuel oil-importing companies on 27 February, along with an injection of 130,000 yuan and over 2.55 million baht into the market.
CBM announced on 26 February that it would sell 50 million baht to importers. Furthermore, CBM injected three million baht into the market on that day and sold over $2.21 million to edible oil-importing companies and $1 million to fuel oil-importing companies.
CBM announced on 25 February that it would inject $30 million into the fuel oil sector.
CBM also sold over $2.44 million to edible oil-importing companies and $2 million to fuel oil-importing companies on that day, along with an injection of over $1.83 million, 300,000 yuan, and three million baht in the market.
CBM injected 2.1 million baht and $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 on 23 February.
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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