KIEV, Dec. 9 – The National Bank of Ukraine has said that the situation on the Ukrainian financial market has not improved and has asked banks not to weaken the hryvnia exchange to the U.S. dollar to no more than UAH 16/$1, a source in financial circles told Interfax-Ukraine following a meeting held by NBU Governor Valeriya Gontareva with representatives of the largest banks on Monday.

"NBU states the absence of improvements in the situation on the Ukrainian financial market. The completion of the formation of the government has not brought the expected improvement… According to the NBU, the fair market exchange rate today for the hryvnia-U.S. dollar is UAH 15.30-15.50 and its fluctuations could reach UAH 16.00 in the near term," the source said.