Three options proposed by American Oda for BQK's decision regarding Serbian dinar

The recent adoption of the BEC's Money Operations Order has prompted strong reactions from international interests.

The American Economic Oda in Kosovo says that as long as they understand the need for regulatory oversight in order to ensure financial stability, it is imperative to consider the short-term implications that regulation has on the financial welfare of Kosovo citizens.

Through a statement to the media, it is known that the regulation in question, without prejudice to the current objective, improperly states that only euros can be used for payment purposes within Kosovo, effectively excluding the use of other currency in transactions between the parties.

Whatever the case, it is essential to say that as long as the euro maintains the legal payment tool status in Kosovo, it does not rule out using other currency in transactions, in cases where the parties involved reach mutual agreement. Thus, the regulation claim regarding the exclusive use of the euro can be misinterpreted and therefore requires revision of clarity. Also, the regulation's impact lies further on interstate transactions between Kosovo and Serbia”, the OECAK media report said.

In enabling transactions involving Serbia's dinar, the American Oda proposes several options to ensure access rights, in addition to maintaining regulatory compatibility:

Alternative 1: Using money transfer institutions for the transfer of funds between Kosovo and Serbia. While considered physical, this option may be less practical and costly for individuals.

Alternative 2: Establishing a bank account by the Government of Serbia in Serbia for interstate transactions with respective accounts denounced in dinars at Kosovo banks. This approach offers a practical solution through existing banking relations, with all possible logistical complexity.

Alternative 3: Direct transfers of funds from any of Serbia's banks to any bank designated in Kosovo for distribution in individual beneficiaries' accounts. This option simplifys the process by ensuring compliance with regulatory requirements.

It is stressed that, in all options, it is of strategic importance to address the license of institutions to import waves to ensure an adequate supply of dinars in Kosovo.