The bank comes up with an explanation: Saving Bank Customers Tools Safe After Police Action in the North

The bank comes up with an explanation: Saving Bank Customers Tools Safe After Police Action in the North

The tools of all customers of the Post Savings Bank are safe and will not be damaged after the Kosovo authorities' police action in northern Kosovo, the Serbian bank said on Tuesday. In a media report, the bank said that, despite the “provisional halting” of branch operation in northern Kosovo, customers can [...]

In a media report, the bank said that, despite the “provisional halting” of the functioning of branches in northern Kosovo, customers can perform all banking services at the nearest branches located at border crossings with Kosovo: Jarinje, Brnjak, Merdare and Conchul.

Also, all workers of the Post Savings Bank in northern Kosovo remain employed, according to the announcement.

Serbia established improvised branches of this bank, destined for Serbs from Kosovo, near four border points last month.

Authorities in Kosovo conducted a police operation on Serbian financial institutions in northern Kosovo on Monday, resulting in the closure of six objects of the Post and People's Bank of Serbia in the four Serb majority municipalities.

During the action, which Kosovo authorities said had to do with setting “order and legitimacy”, various evidence was confiscated, including money.

Kosovo police, who attached photos of confiscated money, said they found “around 1,600.000 euros, about 74,700,000 Serbian dinars (over 600,000 euros), about 19,500 francs, about $130,000 American dollars, about $40,”.

Police action in the north, senior officials in Serbia severely condemned it, naming <x0 illegal>”.

The US State Department (DASH) said he is disappointed that Kosovo Police took action in financial offices in northern Kosovo.

In a response to Radio Free Europe, The UN added that the action was not co-ordinated with international partners and escalates tensions.

The Kosovo authorities' action took place a week after the Kosovo Central Bank announced it has completed the transit deadline for its regulation, which prohibits the use of the Serbian dinar for handling payments.

The CEC regulation, which went into effect on February 1st, envisions the euro as the only currency for handling payments.

Kosovo and Serbia have met seven times in Brussels, within the EU-mediated dialogue, to find a solution for sending financial assistance from Serbia to Kosovo Serbs, but have not found reconciliation so far.

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