The Central Bank of Kosovo (CBK) announced on Monday that the transition phase of the implementation of its regulation, which prohibits the use of the Serbian dinar, cannot last more than three months.

The CBK regulation, which stipulates that the euro is the only currency that can be used for cash payments throughout the country, entered into force on February 1, despite great international pressure to postpone its implementation, writes Radio Free Europe.

In a press release on Monday, the CBK announced that it has drawn up a new plan to facilitate the implementation of the effects of the regulation on cash operations in certain communities.

The CBK said that it is informing the public about the plan with “additional actions which are expected to be carried out in the shortest possible time, but no longer than three (3) months, in cooperation with banks and other financial institutions”.

On January 17, the Central Bank of Kosovo approved a regulation on cash operations, according to which, the only currency allowed for carrying out cash payment transactions in Kosovo is the euro.