YANGON, Aug. 5 (Xinhua) -- The Central Bank of Myanmar has injected over 64 million U.S. dollars into the country's foreign exchange market in July, according to the state-owned media Myanmar Digital News.
The foreign currency was injected into the market after being purchased from cut-make-pack (CMP) companies, which are mainly garment manufacturers that earn foreign exchange through exports.
The move is aimed at curbing instability in the foreign exchange market, addressing currency depreciation, and maintaining market stability, it added. ■