The Central Bank of Myanmar announced that it sold more than US$1 million to edible oil importing companies on June 11.
The sale was made out of the foreign exchange purchased from CMP companies through the FX Market Online Trading. The Central Bank sells foreign currencies through the FX Market Online Trading Platform, which includes AD licensed banks and export and import operators.

As a result of the sale of foreign exchange to edible oil importing companies, domestic edible oil prices have fallen, and the basic wholesale reference price of palm oil has been set at 6,185 kyats per viss from June 9 to 15, which is a decrease from the previous week. In addition, the Central Bank of Myanmar announced on June 10 that it will sell 32 million US dollars to fuel oil entrepreneurs in the foreign exchange market.