Bajraktari: The currency in Kosovo should be determined by a separate law

Lawyer Ardian Bajraktari says for Kosovo Online that the use of the euro in Kosovo was established during the UNMIK administration and that Kosovo's currency should be determined by a separate law.

"According to Article 11 of the Constitution, it is stipulated that only one currency will be used in Kosovo, and Article 16 of the Law on the Central Bank states that a law will determine which currency will be in use. I am not aware of any specific legal provision that determines which is the sole currency in Kosovo. The only authority to establish rules is the Central Bank, but the currency issue should be determined by a separate law," Bajraktari said.

When it comes to the use of the euro in Kosovo, as he states, it must be taken into account that before the declaration of Kosovo's independence, UNMIK had jurisdiction, and there is a relevant UNMIK regulation establishing the euro as the sole currency in Kosovo.

"So, the euro was established in Kosovo during the UNMIK era. With the declaration of Kosovo's independence, our country assumed certain obligations, some of which were approved by the UN Special Representative," Bajraktari says.

Regarding whether there is an official agreement with the EU for the currency in Kosovo to be the euro, he believes that there are no objections regarding the use of the euro as the sole currency.

"As for the euro in Kosovo, there has been no dilemma, and reactions from the European Union and the United States concern coordination and providing space for a transitional period to prepare a part of the Serbian community living in Kosovo," Bajraktari notes.