KIEV, Feb. 12 - Acting Prime Minister Serhiy Arbuzov has said that the measures taken by the central bank to stabilize the situation on the foreign exchange market have been timely and effective.

"The situation on the currency market is manageable and controlled," he said, while opening a government meeting in Kiev on Wednesday.

He said that slight fluctuations in the hryvnia exchange rate, either its strengthening or weakening, were a normal phenomenon.