CBM sells US$1.24M to edible oil-importing companies

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  • CBM sells US$1.24M to edible oil-importing companies

The Central Bank of Myanmar (CBM) sold over US$1.24 million to edible oil-importing companies on 4 March, in addition to an injection of over 5.6 million baht into the market.
CBM injected $1 million each into the edible oil and fuel oil import sectors on 3 March, along with selling over 470,990 yuan and over 631,800 baht in the foreign exchange market.
CBM sold over S$35 million, 34 million baht and over three million yuan in 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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