Myanmar's Central Bank pumped more than $1.7 million into edible oil companies during trading on July 11. Bank officials had already pushed $1.5 million from CMP purchases toward oil importers the previous day. Currency dealers also received $621,000 and 600,000 yuan injections into financial markets. The bank announced plans to funnel $30 million directly to fuel oil importers on July 8. Another $885,100 from CMP company purchases went straight to edible oil businesses.
Banking authorities moved $1.8 million and 1.3 million yuan on July 7 alone. Edible oil firms grabbed over $1.87 million while commodities importers secured $912,150 during the same session. July 4 brought $1.75 million to oil companies and $481,540 to commodities...