CBM Intensifies Foreign Currency Sales to Support Key Imports in Late July 2025

The Central Bank of Myanmar (CBM) continued its efforts to stabilize the foreign exchange market in late July 2025 by supporting critical import sectors through foreign currency sales. On 28 July, CBM announced its intention to sell US$30 million to fuel oil business operators. Following this, CBM conducted a series of foreign exchange transactions over several days, including injecting US$413,223 and 222,411 baht into the financial market on 29 July, alongside sales exceeding US$965,200 to edible oil importers and US$200,000 to fuel oil importers. On 28 July, CBM sold US$354,900 to fuel oil importers and injected 1.184 million yuan. On 30 July, it sold US$700,000 to edible oil importers and US$380,279 to fuel oil importers. On 31 July, CBM sold over US$1.2 million to edible oil importers and US$230,000 to fuel oil importers. Prior interventions include sales of US$1.29 million to edible oil importers and US$485,266 to fuel oil importers on 25 July, and US$1.345 million sourced from CMP companies to edible oil importers on 24 July.

Source: The Global New Light of Myanmar

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