OREANDA-NEWS. August 6, 2012. Mr.Viktor Nesterenko, Director of the General Department of Money Circulation Regulation, has unveiled NBU’s plans to broaden the range of investment coins.

“Offered in 1/2 oz and 1/10 oz denominations , two new types of investment coins  are due to be put in circulation in the near future, said Mr.Viktor Nesterenko, adding that this move is intended to meet increasing public demand for investment coins.

“In order to meet demand from investors willing to safeguard their savings by investing in gold and silver coins, investment coins have an open (non-fixed) mintage, which is determined by demand,” added the NBU representative.

The Ukrainian investment coins are made of gold and silver with a fineness of 999.9. As of today, the National Bank of Ukraine has issued gold investment coins "Archangel Michael” of 20 hryvnia face value (1 ounce) and of 5 hryvnia face value (1/4 oz) and silver investment coins of 1 hryvnia face value (1 ounce). The prices for investment coins "Archangel Michael” are set on a daily basis and posted on the official website of the National Bank of Ukraine.