CBM continues US$2.5M injection into edible oil sector

THE Central Bank of Myan­mar (CBM) injected 2.1 mil­lion baht and US$180,000 into the market on 24 February, in addition to selling over $2.5 million to edible oil-importing companies.

CBM sold $1.1 million, purchased from CMP com­panies, to edible oil-import­ing companies, in addition to selling 260,000 yuan in the market.

CBM announced on 20 November that it would sell $30 million to fuel oil im­porters. CBM also injected $543,000 and 1.3 million baht into the market after selling $1.35 million to edible oil-importing companies on the same day.

CBM pumped over 971,900 yuan and 4 million baht into the market, and sold over $1.84 million to edible oil importing companies.

CBM sold $900,000 to ed­ible oil-importing companies and $2 million to fuel oil-im­porting companies on 18 Feb­ruary, along with an injection of $2 million, 130,000 yuan and over 679,540 baht on that day.

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