Kosovar police on Monday closed six branches of the Serbia-licensed Postal Savings Bank in line with a crackdown on the use of the Serbian dinar currency.
Kosovo police on Monday closed six branches of a Serbia-licensed bank in line with the decision on the ban of the use of the Serbian dinar currency in the country, a move that has raised tension with neighboring Serbia. A police statement said they closed the branches of the Postal Savings Bank, following a request from financial institutions on their illegitimacy and based on an authorization from the prosecutor’s office. Starting on Feb.
Priština postponed the move for about three months, following pressure from the European Union and the United States, concerned that the decision would negatively impact the ethnic Serb minority in northern Kosovo. Most of Kosovo uses the euro, even though the country isn’t part of the EU. But parts of Kosovo’s north, populated mostly by ethnic Serbs, continue to use the dinar. Many Serbs there rely on the government of Serbia for financial support, often delivered in dinars in cash.
Serbian forces fought a 1998-99 war with ethnic Albanian separatists in what was then the province of Kosovo. About 13,000 people, mostly ethnic Albanians, died until a 78-day NATO bombing campaign pushed Serbian forces away. Kosovo declared independence in 2008, which Belgrade doesn’t recognize.
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