Quint embassies in Pristina call for suspension of regulation on cash transactions

PRISTINA - The embassies of Quint states (France, Germany, Italy, the UK and the US) in Pristina have called for a suspension of a decision by the so-called Kosovo's central bank to make the euro the only legal tender for cash transactions in Kosovo-Metohija from February 1.

"The Quint calls for the suspension of the enforcement of the regulation to allow a sufficiently long period of transition, and for clear and effective public communication", the embassies said in a joint statement on Sunday.

The statement said the decision, which "aims to reduce counterfeit cash, safeguard financial stability, as well as increase the transparency of cash flows in Kosovo," "nevertheless raises concerns with regard to the impact on the Serb-majority communities in particular."

"We are concerned about the impact of the regulation in particular on schools and hospitals, for...