KIEV, Feb. 2 - The National Bank of Ukraine will scrap the practice of using the national currency's indicative exchange rate starting February 5 and switch to a single exchange rate on the interbank currency market, a source on the financial market said.

"A single exchange rate will be introduced from Thursday. There will not be an indicative exchange rate any longer," the source told Interfax-Ukraine after a bankers' meeting at the National Bank on Monday.