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<https://n1info.rs/english/news/eu-concerned-over-fallout-of-kosovo-central-bank-decision/>
  


EU concerned over fallout of Kosovo central bank decision


N1 Belgrade

~2 minutes

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The European Union expressed concern on Thursday about the possible fallout of 
Pristina’s decision to make the Euro the only legal currency in Kosovo. 

The Central Bank of Kosovo issued a decree in mid-January making the Euro the 
only legal currency as of February 1, effectively banning the Dinar which is 
widely used in majority-Serb areas. A large number of Kosovo Serbs rely in 
income from Serbian institutions and companies for their livelihood.

“The EU is concerned about the consequences that this decision might have on 
the daily lives of Kosovo Serbs and other communities throughout Kosovo due to 
absence of prior consultation, in particular on its impact on schools and 
hospitals, given the apparent absence of alternatives at this moment,” a press 
release from the European External Action Service said.

“The EU notes that the regulation will also affect the financial support that 
Kosovo Serbs receive from Serbia. … The short transition period for the 
regulation’s implementation, combined with a lack of information and practical 
solutions for all affected communities, risk seriously complicating their 
lives,” it said.

“The EU urges Kosovo to ensure a sufficiently long transition period and to 
find a negotiated solution to this issue in the framework of the EU-facilitated 
Dialogue,” the press release said.



 

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