CBM injects US$1.1M into edible oil, fuel oil importers

 

THE Central Bank of Myan­mar (CBM) sold US$700,800 to edible oil-importing companies and over $429,200 to fuel oil-im­porting companies on 18 Au­gust, in addition to an injection of 579,910 yuan into the financial market.

 

Additionally, CBM sold over $429,260 to CMP companies and those who made non-trade pay­ments on that day.

 

CBM sold $1.16 million to edible oil-importing companies and over $76,600 to CMP com­panies and those who made non-trade payments on 15 Au­gust, in addition to an injection of $244.000 into the financial market.

 

CBM pumped $1 million and over 1.27 million yuan into the financial market on 14 Au­gust.

 

Furthermore, CBM sold over $1.88 million to edible oil-importing companies and over $220,900 to CMP companies and those who made non-trade payments on the same day.

 

CBM announced on 13 Au­gust that it would sell $32 mil­lion to those engaged in the fuel oil sector after sales of 300,000 yuan. CBM sold over $1.55 mil­lion to edible oil-importing com­panies and over $128,200 to CMP companies and individuals who made non-trade payments on that day.

 

CBM injected $1.3 million into edible oil importing com­panies and over $467,000 into CMP companies and those who made non-trade payments after sales of over 1.97 million yuan on 12 August. Importers of re­fined sugar, plastic, fertilizers, pharmaceutical and medical equipment, electrical devic­es, industrial raw materials, construction materials, auto parts, telecommunication de­vices, trailers, feedstuffs, paint, tar and food commodities also purchased foreign currencies through the foreign exchange market online trading platform.

 

CBM sold $36.5 million pur­chased from companies working on a Cut, Make and Pack basis, in addition to the injection of $8.8 million, 13.3 million baht, 10.5 million yuan and 500,000 rupees in July. Furthermore, CBM sold over $2.3 million to other com­modities-importing companies as per its initial announcement of selling $10 million. CBM sold $8.4 million, 13.9 million baht and 5.2 million yuan in June 2025, in addition to the 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