Since the end of last month, the Central Bank has decreased its sales of US currency by around $3 million per day, in the face of a strengthening US economy, a weakening kyat and a widening trade
deficit in Myanmar.

Economist KhinMaungNyo said he expected that the Central Bank had reduced its sales to private banks partly in an effort to offset the trade deficit.Than Lwin, the vice chairman of KanbawzaBank, said that the Central Bank’s actions were part of normal fluctuations in the banking sector.“Though the Central Bank has decreased its sales amount, this will not impact upon the market, as private banks have their own money in addition to the individual money still flowing in the market,” he added.