OREANDA-NEWS. On 20 August 2009 was announced, that on 18 August the NBU was selling US dollar at the rate of UAH/USD 7.95, while buying at UAH/USD 7.80. Also NBU was selling its certificates of deposits. This reduced the interbank market exchange rate spread from UAH/USD 8.25/8.40 in the morning to UAH/USD 8.30/8.38. The NBU also announced that it will conduct currency auction on 21 July 2009.

Millennium Capital considers that the exchange rate will remain on the similar level till the week end, since the tight rules of NBU interventions allow purchasing of low currency amounts, thus restricting currency demand. Meanwhile, the rise in the official exchange rate from UAH/USD 7.77 to UAH/USD 7.83 since the week beginning seems about weak intentions of the NBU to revalue the national currency.

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.