Kosovo police closed six branches of a Serbia-licensed bank on Monday, in compliance with the decision to ban the use of the Serbian dinar currency in the country. The branches belonged to the Postal Savings Bank and were shut down following a request from financial institutions citing their illegitimacy. The closure was authorized by the prosecutor's office.
Effective February 1, the Kosovo government mandated that areas predominantly inhabited by the ethnic Serb minority switch to using the euro currency, which is the official currency in the rest of the country. This move eliminated the use of the Serbian dinar within Kosovo.
