Kosovo loses millions of euros in Serbian currency use

While Kosovo's Constitution defines the euro as official currency, experts estimate that it is very harmful in terms of economic and unconstitutional and illegal use of the dinar.

Economics director Nysret Magera has indicated that the use of two waves within one state destroys the country's existing financial system.

He acknowledged that Kosovo loses millions of euros from the use of the dinar, until it found expressions to explain as he said, this evil is happening to the state of Kosovo.

The “in one state cannot have two currency because if another currency works, it has enormous impact on the collapse of the financial and direct or indirect system in the collapse of a country's existing economic system ...Dinari goes illegally, not only on ATK, but on the means of trading, pension payments, social aid which Serbia always made payment by dinars.

It is to regret that in the fourth mileage from downtown Pristina, where we have the government and all other state bodies that should be functional, the payment tool is the dinar ... We have come into a situation where there can't be an exact balance of losses, but of course these losses are millions... I don't have a dictionary explaining this evil which happens to the Republic of Kosovo with the question of functioning as Serbia's dinar payment device, Magera said.

He added that this issue should certainly be one of the topics to be addressed in the talks, which are being held between Kosovo and Serbia.

Meanwhile, law affairs connoisseur, lawyer Musa Damati, says the Constitution of the Republic of Kosovo -- Article 11, paragraph 1, respectively -- defines the euro as official currency in Kosovo.

According to him, until there is any mutual bilateral agreement between the two states, the circulation of the dinar is illegal and unconstitutional activity.

He argued that the country's financial institutions should use mechanisms to combat this phenomenon, identifying resources, such as some banks which operate with dinars, and the amount of currency that is found to be illegal to secure.

Any economic and trade-painting circulation in Kosovo except the euro is considered unconstitutional. As for other waves, such as the dinar, which circulates into different parts of the territory of the Republic of Kosovo, of course this is illegal and unconstitutional activity, unless there is any space or mutual bilateral agreement between the two states, which we have not yet seen and recognised.

Financial institutions such as the CEC and the MF, with their strategies, must identify these sources through sublegal acts such as commercial banks that use an unconstitutional and illegally another currency, whether by dinar or any other currency. Of course, the amount of coins found illegal in Kosovo must be seized”, Damati stressed.

On the other hand, Kosovas Press has asked questions at the BQK address, why the use of the Serbian dinar is still allowed, and how much this costs the state budget, but officials from this financial institution have not responded.