The Central Bank of Myanmar (CBM) has intensified its foreign exchange interventions in July 2025 to stabilize the kyat and support essential imports. On 8 July, CBM sold US$30 million to fuel oil importers and $885,100 to edible oil companies. On 7 July, it sold $1.8 million and 1.3 million yuan, followed by $1.87 million to edible oil companies and $912,150 to commodities importers. On 4 July, CBM injected $1.75 million and $481,540, alongside $578,542 and 900,000 yuan into the market. On 3 July, it sold $678,000, 1.24 million yuan, and 2.94 million baht, and over $3.346 million to edible oil companies. On 2 July, it announced a sale of 10 million yuan, and injected over $1.593 million. On 1 July, CBM pumped $33 million into the fuel sector and sold $1.15 million to edible oil companies. In June 2025, CBM sold $8.4 million, 13.9 million baht, 5.2 million yuan, and injected $14.9 million from CMP enterprises.
These measures aim to curb exchange rate volatility and currency devaluation. As of 15 March 2024, CBM is coordinating with law enforcement to tackle market manipulation. Since 5 December 2023, private banks have been permitted to trade currencies online at market rates.
Source: The Global New Light of Myanmar (10.7.25)