image_6483441 (51)

On December 9, the Central Bank of Myanmar sold $ 13 million in a foreign exchange auction, up from $ 28 million in two so far in December

On December 9, 2021, the Central Bank of Myanmar sold $ 13 million in a foreign exchange auction, and so far in December, it has sold $ 28 million in two so far, according to the Central Bank of Myanmar. From February to the end of November 2021, the Central Bank of Myanmar sold $ 325.8 million in foreign exchange auctions, the highest amount in October at $ 110 million, according to the Central Bank of Myanmar. The Central Bank of Myanmar sold $ 6.8 million worth of dollars in a foreign exchange auction in February 2021, but not in March. $ 12 million in April; $ 24 million in May; $ 12 million in June; $ 39 million in July; It sold 28 million units in August.

The Central Bank of Myanmar sold $ 15 million on September 13. $ 15 million on September 15; $ 20 million on September 20; $ 22 million on September 22; It sold $ 63 million on September 27 for $ 15 million. The Central Bank of Myanmar sold $ 30 million on November 1. It sold $ 31 million in November for $ 1 million on November 30. The Central Bank of Myanmar’s foreign exchange operations include short-term exchange rate fluctuations; Comparing the exchange rate of Myanmar kyat with one US dollar to the previous day reference exchange rate to reduce depreciation; By comparison, the percentage devaluation of the Myanmar kyat exceeds the stipulated level (opening a competitive auction for the sale of US dollars); Comparing the average Myanmar kyat to the US dollar exchange rate.

By comparison, the percentage increase in the value of the Myanmar kyat exceeds the stipulated level by opening a competitive auction to buy foreign currency (dollars); To buy the foreign currency offered by AD banks between the maximum and minimum exchange rates announced by the Central Bank in the competitive auction. Submissions for sale are purchased and sold by the central bank using the auction system of Refinitiv (formerly Thomson Reuters). For sale Opening; To buy the foreign currency offered by AD banks between the maximum and minimum exchange rates announced by the Central Bank in the competitive auction. Submissions for sale are purchased and sold by the central bank using the auction system of Refinitiv (formerly Thomson Reuters). For sale Opening; To buy the foreign currency offered by AD banks between the maximum and minimum exchange rates announced by the Central Bank in the competitive auction. Submissions for sale are purchased and sold by the central bank using the auction system of Refinitiv (formerly Thomson Reuters).

Source: Daily Eleven

Tags: No tags

Leave A Comment

Your email address will not be published. Required fields are marked *