Kosovo to establish central bank by end of 2006

The Banking and Payment Authority of Kosova will be transformed into the Central Bank of Kosovo by the end of next year, the BPK and the Ministry of Economy and Finance were quoted as saying by KosovaLive.

The BPK's Shkendije Himaj-Zekaj said that Kosova institutions are continuing talks with UNMIK [UN Interim Administration in Kosovo] and the International Monetary Fund [IMF] for handover of competencies and transformation of BPK into the central bank.

"IMF has taken the responsibility to

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