The Ukrainian government is providing all the required support to the National Bank of Ukraine (NBU) for the stabilization of the hryvnia exchange rate and expects that the exchange rate will stabilize in the near future, Ukrainian Prime Minister Arseniy Yatseniuk has said.

"UAH 12/$1 is an acceptable exchange rate for the Ukrainian economy. We cannot bear a higher one," he said, opening a cabinet meeting in Kyiv on Wednesday.

He said that earlier he held consultations with the NBU governor and today he will hold another round of consultations.

"As head of the government, I'm ready to give everything for the urgent stabilization of the situation on the currency market. I'm sure that the NBU has enough professionalism to stabilize the situation," he said.

The premier said that the government does not enter the currency market to buy U.S. dollars, but is covering its needs with its own resources.

He added that on August 29, it is expected that the International Monetary Fund (IMF) will provide a next disbursement, which will allow the country to expand forex reserves and influence the exchange rate.