Serbia will seek an urgent U.N. Security Council meeting to discuss the escalation of tensions with its former province of Kosovo after its government decided to ban the use of the Serbian dinar and introduce the euro in areas where minority Serbs live, Serbia's president said Friday. Kosovo’s government has banned banks and other financial institutions in the Serb-populated areas from using the dinar in local transactions. Kosovo’s Central Bank issued the new rules last summer.
Latest Serbia news in English, latest Kosovo news in English, Serbian economy news, Serbian business news, Serbian politics news, Balkan regional news in English
Latest Serbia news in English, latest Kosovo news in English, Serbian economy news, Serbian business news, Serbian politics news, Balkan regional news in English
Latest Serbia news in English, latest Kosovo news in English, Serbian economy news, Serbian business news, Serbian politics news, Balkan regional news in English
The European Union on Thursday called on Kosovo to postpone an effort to force ethnic Serbian-dominated areas to adopt the same currency as the rest of the country, as rules that would block use of the Serbian dinar went into effect. Most of Kosovo uses the Euro, even though the country is not part of the EU, but parts of its north populated mostly by ethnic Serbs continue to use the dinar. Many rely on the government of Serbia for financial support, often delivered in dinars in cash.