Myanmar : CBM sells $1.5M to edible oil-importing companies
The Central Bank of Myanmar (CBM) continues active foreign currency intervention to stabilize the exchange rate. On July 10, CBM sold over US$1.5 million to edible oil importers, along with $621,000 and 600,000 yuan to the market. Throughout early July, CBM injected millions in USD, yuan, and baht into fuel, edible oil, and commodity import sectors to counter currency volatility.
The Central Bank of Myanmar (CBM) sold over US$1.5 million purchased from CMP companies into edible oil-importing companies on 10 July, in addition to an injection of $621,000 and 600,000 yuan into the financial market.
CBM announced on 8 July that it would sell $30 million to fuel oil importers. CBM also sold $885,100 that was purchased from the CMP companies to edible oil-importing companies.
CBM sold $1.8 million and 1.3 million yuan on 7 July. Furthermore, CBM sold over $1.87 million to edible oil companies and over $912,150 to commodities-importing companies on the same day.
CBM sold $1.75 million to edible oil-importing companies and over $481,540 to commodities-importing companies on 4 July, in addition to an injection of $578,542 and 900,000 yuan into the financial market.
CBM sold $678,000, 1.24 million yuan and 2.94 million baht on 3 July. CBM sold $3.346 million to edible oil-importing companies, over $578,400 to commodities-importing countries on that day.
CBM announced on 2 July that it would sell 10 million yuan to importers. CBM sold over $1.593 million to edible oil-importing companies on that day.
CBM announced on 1 July that it would pump $33 million into the fuel oil sector. CBM sold over $1.15 million that purchased from CMP companies to edible oil-importing companies.
CBM sold $8.4 million, 13.9 million baht and 5.2 million yuan in June 2025, in addition to an injection of $14.9 million that was purchased from the CMP enterprises into the financial market.
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.
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Source : GNLM
