KIEV, March 6 – Ukraine's forex reserves fell by 1% or by $315.7 million in February, to $31.049 billion, according to the National Bank of Ukraine.

"As of March 1, 2012, forex reserves came to $31.049 billion in the U.S. dollar equivalent, which is sufficient to finance future imports of goods and services for three-and-a-half months. The NBU has paid back and serviced [loans made under] the stand-by arrangement," reads the report.

In January-February 2012, the country's forex reserves narrowed by 2.4%, from $31.795 billion.