“As of 1 February 2013, the amount of international reserves was equivalent to USD 24.652 billion, having increased by USD 106 million over the month,” said Director of the NBU Department of Foreign Exchange Reserve Management and Open Market Transactions Mr. Oleksandr Dubykhvist.

According to him, the scheduled repayment of IMF loan in an amount equivalent to USD 408 million and servicing of public debt caused the amount of international reserves to change.

Mr. Oleksandr Dubykhvist explained that an increase in the international reserves was mainly due to the funds borrowed by the Government via placement of foreign currency- denominated T-bills.