The noise for Serbian dinar, Kurti explains to foreign diplomats in Kosovo the essence of BEC regulation

At his invitation, Prime Minister Albin Kurti welcomed ambassadors, charge d'afrosts, diplomatic mission chiefs and vice-ambas accredited in Kosovo to discuss current issues, with emphasis on the Central Bank's pre-determ Operation Order.

Kurti, along with Deputy Prime Minister Besnik Bislimi and Finance, Labour and Transfers Minister Hekuran Mqira, shared with the ambassadors present the positions of the Government of the Republic of Kosovo and arguments on the importance and details of the regulation in question.

As the government reports, they explained that the regulation does not have a limit on the dinar ban or any other currency, but the goal has banking and financial regulation in Kosovo.

“Consequently enhances the country's financial integrity and limits the financing of illegal activities, money laundering, the circulation of counterfeit money and the formalisation of the economy”.

On the part of the Government, it was stressed that no local business owned by Serbian citizens in Kosovo or in Serb majority municipalities has been condemned or fined by entering into the regulation and that this is not the goal of institutions.

The prime minister said that neither the situation on the ground nor the content of the regulation is as portrayed by Serbia.

About 40 thousand Serbian citizens in Kosovo have bank accounts at one of the licensed banks in Kosovo. Through them they accept pensions, social support, monthly salaries, additions for children and lehoa, and other successive additions from the Kosovo state treasury”.

The regulation enables the acceptance of funds, salaries and pensions from abroad as the form of transfers to these bank accounts, and according to it, the dinar can serve as a means of physical savings, in bank savings and is exchanged in licensed exchanges.

So it doesn't prevent access to finance, at the same time that physical access is offered through banks and non-bank financial institutions around the country in only four municipalities in the country's north are a total of 15 non-bank financial institutions and four branches of commercial banks”.

Even so, Kurti expressed the willingness of the Government of Kosovo and the subordinate institutions to quickly address any quickly raised concern as he stressed that during this transition period, the focus will be on informing businesses that operate in the dinar and unformedly.

He also announced that the Kosovo Central Bank has received confirmation that it is ready to engage in professional and operational discussion with the People's Bank of Serbia to assist in identifying legal mechanisms, secure and transparent to transfer any form of support from the Republic of Serbia.