The Central Bank of Myanmar (CBM) announced the sale of USD 99 million at a rate of Ks 3,400 per dollar in the foreign currency market over a span of two days. 

Meanwhile, rumors circulated that those seeking to manipulate the dollar price on the black market had sold USD 100 million at a rate of Ks 4,500 per dollar.

The CBM, however, denied selling USD 100 million to fuel importers at the inflated rate of Ks 4,500 per dollar. 

On August 14, the CBM stated its plan to provide USD 100 million to fuel companies. The following day, over USD 9 million was sold at a rate of Ks 3,400 per dollar. 

By August 19, the CBM confirmed that it had sold more than USD 99 million at the official rate of Ks 3,400 per dollar over the course of two days.

The CBM sold US$5 million and CNY 5 million through the FX Trading Platform for the fuel, edible oil and pharmaceutical sectors last week.

On August 1, 2024, the foreign currency trading (AD) licensed banks sold 69 million Thai baht and 9 million Chinese yuan through the FX Trading Platform to companies that import edible oil, pharmaceuticals and pharmaceutical-related products and fertilizers.

On July 3, the CBM sold US$5.4 million to exporters and importers of edible oil, fertilizers and drugs and medical supplies through foreign currency trading (AD) licensed banks on the online trading platform.

On July 2, the CBM sold five million dollars to exporters and importers in the foreign currency market through the online trading platform.

During June, the CBM provided 40 million Thai baht to exporters and importers through the online trading platform on June 25 and five million dollars on June 17.