The Central Bank of Myanmar (CBM) will sell an additional five million US dollars to exporters and importers through the Online Trading Platform.

CBM announced on July 2 that it will sell an additional five million US dollars to exporters and importers in the foreign currency market through the Online Trading Platform.

The Central Bank of Myanmar's main objective is to achieve and maintain domestic price stability, and exchange rate stability plays a key role in implementing monetary policy. In accordance with the article 40(b) of the Central Bank of Myanmar Law (c) and (d), it plays a role in determining and implementing foreign exchange policy; advising the government regarding the foreign exchange rate system; maintaining and managing the state's foreign reserves.

The Central Bank of Myanmar has asked for platforms that allow importers to legally sell because of the rising exchange rates due to exporters and importers trading outside at custom prices and importers not knowing the amount they can sell in the market. In order to balance the demand and supply of foreign currency in the economic system and The Online Trading Platform was established under the leadership of the Central Bank, and according to the market's demand, the US dollar, It is reported that the entry and sale of Thai Baht and Chinese Yuan started on June 22, 2023.