According to preliminary data, the stock of international reserves stood at USD 17.8 billion (in the equivalent) as of February 1, 2014.

The dynamics of international reserves in January 2014 were defined by due installments under the state debt (equivalent of USD 1.1 billion) paid by the Ukrainian Government and the National Bank of Ukraine, including under IMF stand-by facility (equivalent of USD 0.65 billion), as well as the interventions to keep the foreign exchange market in equilibrium.

During January 2014, the National Bank of Ukraine stepped up the size of its transactions in the foreign exchange market and used available mechanisms and tools for foreign exchange stabilization. The negative balance of NBU’s foreign currency interventions amounted to USD 1.7 billion.