CBM to sell US$1.99M to edible oil, CMP companies

THE Central Bank of Myan­mar (CBM) sold over US$1.73 million to edible oil-importing companies and over $253,000 to CMP companies on 6 May. CBM announced on 5 May that it would inject $135.31 million into fuel oil businesses. CBM sold over $1.9 million to edible oil-importing companies and over $25,791.53 to CMP compa­nies on 5 May on the same day.

 

CBM sold over $3.35 million to edible oil-importing companies and $2 million to LNG- importing companies on 4 May, along with a transaction of 1.2 million baht in the foreign exchange market.

 

CBM sold over $3.6 million to edible oil-importing compa­nies and $234.487 to CMP com­panies on 29 April, in addition to the transaction of over 6.2 billion baht in the market.

 

CBM sold over $4.78 million to edible oil-importing compa­nies, and $5 million to LNG-im­porting companies and over $168,400 to CMP companies on 28 April.

 

CBM sold over $4.6 million to edible oil-importing companies and over $13,400 to CMP com­panies on 27 April, along with transactions of over 2.3 million baht in the market.

 

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