OREANDA-NEWS. On 12 August 2009 was announced, that the NBU intends to set the maximum difference between the bid and ask exchange rate at 2% since September 2009. While new regulations on foreign currency lending are now developing by the NBU.

Millennium Capital considers the news to be NEUTRAL, since the NBU measure is not expected to stabilize the exchange rate, like it was in autumn 2009. Meanwhile, the recent deals on the interbank currency market did not exceed 2% spread. The new limits may devalue hryvnia, since it may reduce foreign currency supply of the commercial banks, while the demand is to stay at the same level.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.