Myanmar's central bank distributed more than $2.4 million to edible oil importers and over $547,900 to fuel oil importers on Wednesday, Oct. 23, while adding 900,000 yuan to the market. The Central Bank of Myanmar had injected more than $2.66 million into the edible oil sector on Tuesday and announced a $30 million allocation for fuel oil imports on Monday, Oct. 21.
The bank sold $1.7 million to edible oil companies and 753,600 yuan on Monday. Earlier transactions on Thursday, Oct. 16, totaled $893,300 for edible oil, over $396,500 for fuel oil, and 300,000 yuan.
The central bank purchased more than $39 million from certified money changers in September and released over $680,000, 6.2 million yuan and 300,000 baht through its online platform. The institution works with law enforcement to prosecute currency market manipulation in accordance with existing regulations.
Private banks gained authority to conduct online foreign exchange trading at market rates starting on Tuesday, Dec. 5, 2023.
The bank sold $1.7 million to edible oil companies and 753,600 yuan on Monday. Earlier transactions on Thursday, Oct. 16, totaled $893,300 for edible oil, over $396,500 for fuel oil, and 300,000 yuan.
The central bank purchased more than $39 million from certified money changers in September and released over $680,000, 6.2 million yuan and 300,000 baht through its online platform. The institution works with law enforcement to prosecute currency market manipulation in accordance with existing regulations.
Private banks gained authority to conduct online foreign exchange trading at market rates starting on Tuesday, Dec. 5, 2023.
