CBM continues dollar injection into edible oil import sector

THE Central Bank of Myanmar (CBM) sold over US$2.22 million to edible oil-importing compa­nies on 21 April, in addition to transactions of over three million baht in the market.

CBM has been continuously injecting US dollars into the ed­ible oil import sector, with $2.48 million on 20 April, along with a transaction of 3.86 million baht in the foreign exchange market.

CBM sold three million baht in the foreign exchange market, in addition to an injection of $881,250 to edible oil-importing companies on 10 April.

CBM announced on 9 April that it would inject US$49 million into the fuel oil sector and $8.16 million into edible oil business­es. CBM made transactions of over 2.39 million baht on that day, in addition to sales of $1.36 million to edible oil-importing companies and $1 million to fuel oil- importing companies.

CBM sold over $35 million, 34 million baht and over three million yuan in February. CBM sold over $43 million, 65 million baht and over four million yuan in January 2026.

CBM injected foreign cur­rencies into the market, with a view to curbing 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