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Feb 13, 2024 14:54 EEST
February 13 (SeeNews) - Kosovo’s central bank unveiled a three-month plan for a swift transition to the euro as the only accepted currency for cash transactions amid protests by Serbs living in the north of the country, who receive financial assistance from Serbia in dinars.
The plan, which is focused on the Serb communities, involves easing the conditions for opening bank accounts, a suspension of the central bank fees for establishing branches and offices, and boosting mobile banking services and services via ATMs, the central bank said in a press release on Monday.
The euro-only rule entered into force on February 1 despite a call for suspension issued by the U.S., the UK, Germany, Italy and France, citing concern on the impacts the rule could have on dinar-dependent communities.
The central bank has said that other currencies can still be used in saving accounts, non-euro bank accounts and international non-euro payments.
According to media reports, hundreds of Serbs gathered in North Mitrovica on Monday to protest against the new regulations.
Tensions between Belgrade and Pristina peaked last May when 30 NATO soldiers were injured while confronting ethnic Serb protesters in northern Kosovo after newly-elected ethnic Albanian mayors attempted to take office.
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