The CBM has sold five million dollars and 50 million Thai baht to exporters and importers in the foreign currency market through the online trading platform, announced the Central Bank of Myanmar (CBM).

The CBM announced that it sold another 13 million dollars in the foreign currency market on February 1.

The CBM announced that it sold another 9 million dollars in the foreign currency market on January 29.

The CBM sold 9 million dollars and 200 million Thai baht in the foreign currency market on January 25. On January 26, the CBM announced that it sold 5 million dollars and 50 million baht more.

The CBM announced that it sold 50 million Thai baht in the foreign currency market on January 19.

The CBM announced that it sold 15 million dollars in the foreign currency market on January 15.

The CBM announced that it sold an additional 16 million dollars in the foreign currency market on January 5.

On January 1, 2024, the CBM sold 12.93 million dollars in the foreign currency market and provided a SWAP facility to the Chinese Yuan equivalent to four million dollars.

The CBM sold 9.72 million dollars for companies that import fuel on December 18, 2023. The CBM announced that it sold 12.43 million dollars on December 21.

The CBM plays a key role in the implementation of monetary policy to achieve and maintain domestic price stability, and exchange rate stability plays a key role in determining and implementing foreign exchange rate policy according to Article 40(b), (c) and (d) of the Central Bank of Myanmar Law by advising the government regarding the foreign exchange rate system, maintaining and managing the state's foreign reserves.

The online trading platform was established under the leadership of the CBM due to the request from the importers that they don’t know about the rise in currency exchange rates and not knowing the amount they can sell in the market, and in order to balance the demand and supply of foreign money in the economic system. According to the needs of the market, the CBM sold US dollar, Thai Baht and Chinese Yuan from June 22, 2023.