Deputy Governor Fusha participates in panel on the role of digital money in combating tax evasion within Global Money Week

The Central Bank of the Republic of Kosovo (CBK) was represented by the Deputy Governor for Banking Operations, Mr. Dardan Fusha, in a panel discussion organized by AAB College, as part of the Global Money Week activities, on the topic “The role of digital money in combating tax evasion.”

The panel brought together institutional representatives and financial sector experts, providing a platform to discuss recent developments in payment digitalization and their impact on increasing transparency and the formalization of the economy. Organized within the framework of Global Money Week, the event was attended by an engaged audience of students, demonstrating strong interest in the topic. Representatives from the Tax Administration of Kosovo and the financial sector also participated, sharing their perspectives on developments, challenges, and opportunities in this field.

During the discussion, Mr. Fusha presented key developments in the financial system of the Republic of Kosovo, with a particular focus on the transformative role of digital payments in enhancing efficiency, security, and transparency in the economy. He emphasized that the advancement of digital payment instruments directly contributes to increased traceability of transactions, strengthening the integrity of the financial system and supporting efforts to combat the informal economy and tax evasion.

In this context, Mr. Fusha highlighted the strategic importance of the projects being developed by the CBK, including integration into SEPA and the development of an instant payment system in cooperation with the Bank of Italy, through the TIPS Clone platform. He noted that these initiatives will enable faster, safer, and lower-cost payments, increase the use of digital payments, and foster a more transparent financial environment, facilitating financial flows and making economic activities more easily traceable.

Deputy Governor Fusha also emphasized that expanding access to payment infrastructures, including for non-bank payment service providers, will enhance competition and innovation in the market, contributing to financial inclusion and reducing reliance on cash.

The CBK remains committed to supporting the development of a modern payments ecosystem, aligned with European standards and international best practices, contributing to a more transparent, efficient, and formalized economy.