5 August 2024
The Central Bank of Myanmar (CBM) will sell 5 million US dollars and 5 million yuan for the fuel oil, edible oil, and pharmaceutical sectors through foreign exchange trading platforms.
With the aim of controlling the volatile exchange rates in the foreign exchange market, CBM sold 69 million Thai baht and 9 million yuan to those importing edible oil, fertilizer, pharmaceuticals, and medical devices through authorized banks on online trading platforms on 1 August.
Starting on 5 December 2023, CBM will allow authorized dealers (private banks) to operate online foreign exchange trading according to market rates.
