Ukraine's international reserves in February 2015 decreased by 12.4 percent, to $5.625 billion, according to the website of the National Bank of Ukraine (NBU).
“Given the fact that Ukraine is expecting a positive decision from the International Monetary Fund on providing a new fiscal aid package on March 11 this year, at present Ukraine’s international reserves are sufficient to fulfill its commitments and the government’s and the NBU’s current operations in a short term,” reads the report.
According to the NBU, the dynamics of international reserves reduction in February this year was largely due to the repayment and servicing of the state and guaranteed debt in foreign currency ($539.1 million).
In addition, the level of international reserves was influenced by the National Bank interventions in support of the hryvnia in the amount of $651.3 million, of which $560.4 million were targeted interventions.
According to the NBU, the volume of interventions for forex purchase in February totaled $144.7 million.
At the same time, according to the report, revenues from government bonds placement in February amounted to $298.3 million.
