On August 26, the Central Bank of Myanmar sold over $35 million at an exchange rate of MMK 3,460 per dollar, according to a report from the Central Bank.
Earlier, on August 14, the Central Bank announced its plan to support the foreign exchange market by providing $100 million to fuel importers. Following this, on August 15, it sold over $9 million (9,498,607.24) at an exchange rate of MMK 3,400 per dollar.
On August 19, the Central Bank sold nearly $90 million (89,975,350.76) over two days at an exchange rate of MMK 3,410 per dollar, totaling over $99 million (99,473,958). Additionally, on August 22, it sold $31 million at an exchange rate of MMK 3,440 per dollar.
The Central Bank announced on August 9 that it had sold $6 million, ¥5 million, and ฿10 million through the FX Trading Platform within a week for the import of essential goods such as fuel, edible oil, and other critical commodities.
According to an earlier statement on August 2, the Central Bank had sold $5 million and ¥5 million through the FX Trading Platform to support the fuel, edible oil, and pharmaceutical sectors.
On August 1, authorized dealer (AD) licensed banks facilitated the sale of ฿69 million and ¥9 million through the FX Trading Platform to companies importing edible oil, pharmaceuticals, and related products, as well as fertilizers, to stabilize the foreign exchange market.
