As of March 1, 2014, preliminary data shows that gold and foreign exchange reserves were USD 15,462 mln in equivalent.

During the month all scheduled payments of public and state-guaranteed debt were made in full and on time. In February, the debt to the IMF of USD 376 million in the equivalent was repaid, and other payments related to the Ukrainian government’s obligations of USD 423 million were made.

During the month the National Bank of Ukraine sold and purchased foreign exchange in the interbank market of Ukraine. In February net sales of foreign exchange in the course of interventions were USD 1,721 mln. Vast part of these sales was made to facilitate payments for gas import by Naftogas of Ukraine NJSC.

It shall be noted that gradual shift to a flexible exchange rate regime and ongoing negotiations concerning financial assistance from the IMF and other creditors has already taken some pressure off foreign exchange reserves and will contribute to their increase in future.