High-level CBK delegation meets with EU officials in Brussels

A high-level delegation of the Central Bank of the Republic of Kosovo (CBK) participated in a meeting with representatives of the European Union in Brussels, chaired by Mr. Miroslav Lajčák.

During this meeting, the CBK delegation presented and explained the arguments related to the Regulation on Cash Operations.

The constitutional and legal authority of the CBK and the regulation imposed by the CBK was not questioned or contested by the EU, however some concerns have been raised about the potential impact on our citizens of the Serbian community. Therefore, participation was deemed necessary to provide appropriate clarifications regarding these concerns and to discuss the legal and technical possibilities for fund transfers.

Furthermore, the CBK has elaborated on detailed technical solutions for transferring funds through transparent banking channels, aiming to facilitate the selection of the most convenient option for transferring funds to beneficiaries’ accounts (in Euro), in accordance with current legal regulations.

Following this meeting, the CBK delegation, at the coordination of the EU, also met with the technical delegation of the Ministry of Finance of Serbia. Within its mandate, the CBK presented and discussed the options it proposed, arguing the possibility and ease of their practical realization if such willingness exists from the sending party, without any alteration to the current legal framework.