NBU Reserves Shrink 2.6% in August
OREANDA-NEWS. On 7 September 2009 was announced, that the National Bank of
Concorde Capital: In August, excessive demand for foreign currency prevailed on the domestic FX market, derived in large part from the retail market. Subsequently, the NBU spent USD 866 mln of its reserves to satisfy this demand. We expect foreign currency demand to exceed supply on the domestic market at least until the end of 2009, with the NBU keeping spending its reserves to support hryvnya.
Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering
Комментарии