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March 15, 2026
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Fuel tanker carrying oil docks at the Thilawa Port, Yangon Region.
The Central Bank of Myanmar (CBM) injected around 1.49 million baht into the forex market on 13 March. Additionally, CBM sold over US$1.98 million to edible oil-importing companies on the same day.
Furthermore, CBM sold $1.85 million to edible oil-importing companies on 12 March, in addition to $1.56 million and a 1.4-million-baht injection into the market.
CBM announced on 11 March that it would sell $30 million to those engaged in fuel oil businesses. Furthermore, CBM sold over $1 million to edible oil-importing companies on that day, along with an injection of $120,000 and two million baht in the foreign exchange market.
CBM also sold over $2.1 million to edible oil-importing companies on 10 March, along with an injection of over $450,000 and 6.7 million baht into the market.
CBM has constantly injected large amounts of US dollars into the edible oil sector on 3 to 9 March, with $1.97 million on 9 March, $1.96 million on 6 March, $2.65 million on 5 March, over $1.24 million on 4 March and one million dollars on 3 March. Additionally, CBM injected $1 million into the fuel oil import sector on 3 March.
CBM injected forex 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
