OREANDA-NEWS. On 7 September 2009 was announced, that in August 2009 Money Supply decreased by 0.3% or UAH 1.4bn mainly due to the decrease in hryvnia denominated deposits by 3.9% or UAH 6.8bn and the reduction in cash amount by 1.7% or UAH 2.5bn. Still, the amount of foreign deposits rose by 6.2% or UAH 8.8bn.

Millennium Capital sees the news to be negative, since the decrease in the money supply will further slow down the economic growth, while the increase of the foreign deposits seems about deflationary expectations of the national currency. Millennium Capital expects that foreign deposits will decrease in the nearest months due to the enacting of the NBU resolution, which bans the provision of foreign currency loans. This will decrease the deposits interest rate and the attractiveness of the foreign currency deposits in Ukraine.

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 tickets selling for its flights due to high arrearage to the creditors of the company.