Yesterday marked the end of the transitional period of the Central Bank of Kosovo regarding the dinar issue, and from today onwards, measures will be taken against all those using currencies other than the euro for cash transactions in Kosovo.
Yesterday was the last day of the Central Bank’s transitional period for the dinar issue.
During this period, no punitive measures were issued, but information was provided to citizens regarding the implementation of regulations for cash payments.
Meanwhile, commercial banks operating in Kosovo have been instructed to open new branches in the north.
After May 12, all cash transactions throughout Kosovo must be made in euros.
“Other non-euro currencies can be used in the Republic of Kosovo as values for storage in physical form or in non-euro bank accounts, for international payments in non-euro currencies, and for currency exchange activities,” the regulation of the Central Bank is quoted as saying.
The implementation of the regulation, especially in the north of the country, is considered challenging.
Prime Minister Albin Kurti, asked a few days ago about the conclusion of the transitional phase, reiterated that it is the Central Bank that decides on such matters, not the executive.
