CBM to inject $30M into fuel oil industry

THE Central Bank of Myanmar (CBM) announced on 8 July that it would sell US$30 million to fuel oil importers. CBM also sold $885,100, which 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 US$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. — NN/KK