CBM to inject US $33M into fuel oil industry

THE Central Bank of Myanmar (CBM) announced on 17 June that it would sell US$33 million to fuel oil importers. Further­more, CBM injected over 376,400 yuan and 500,000 baht into the financial market on 17 June after sales of over $913,000 from the companies working on a Cut­ting-Making and Packaging basis to edible oil importing companies and over $1.126 million to import­ers of other goods.

CBM would sell US$10 mil­lion to importers as well, accord­ing to its notification dated 16 June. CBM sold $1.37 million from CMP companies to edible oil importing companies and over 1.05 million to importers of other goods on that day.

CBM injected over 1.7 mil­lion baht into the financial mar­ket on 13 June, in addition to sales of over $1 million from CMP companies to fuel oil importing countries.

CBM sold $1.3 million that were bought from CMP compa­nies, to fuel oil importing com­panies on 12 June 2025.

CBM sold over 290,000 yuan and one million baht on 11 June. Moreover, CBM sold $1.096 mil­lion,

which was bought from CMP companies, to fuel oil im­porting companies on that day.

CBM pumped over 400,000 yuan on 9 June, over $501,000 on 6 June and 364,400 yuan on 5 June into the foreign exchange market.

CBM announced on 4 June that it would sell $30 million to fuel oil importers. CBM pumped $422,000, 345,850 yuan and over 2.1 million baht on that day into the foreign exchange market.

CBM injected over 600,000 yuan and 2.6 million baht on 3 June, 579,900 yuan and 4.7 mil­lion baht on 2 June, over 610,000 yuan and 2.4 million baht on 30 May, after the sale of 4.3 million baht on 28 May into the financial market.

CBM announced on 27 May that it would sell $30 million to fuel oil importers.

CBM aims to curb the in­stability in the foreign exchange market and currency devalua­tion. According to CBM’s notifi­cation on 15 March, 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