Regulatory Alerts2026-01-01
Decision on the Manner of Using Commemorative Montenegrin Coins Issued for the Central Bank of Montenegro Anniversary
The Council of the Central Bank of Montenegro issued this decision to regulate the use and sale of commemorative coins established for the bank's anniversary. It authorizes specific high-ranking state and central bank officials to use designated coin collections as diplomatic gifts to foreign representatives. Additionally, the document permits the public purchase of other coin collections directly from the Central Bank or through authorized legal entities.
Unofficially consolidated translation DECISION ON THE MANNER OF USING THE COMMEMORATIVE MONTENEGRIN COINS ISSUED ON THE OCCASION OF CELEBRATING THE ANNIVERSARY OF CENTRAL BANK OF MONTENEGRO’S COMMENCEMENT OF OPERATION (OGRM 01/03 of 14 January 2003, 50/04 of 26 July 2004, 13/11 of 04 March 2011) Article 1 Commemorative coins issued on the occasion of celebrating the anniversary of the commencement of operation of the Central Bank of Montenegro (hereinafter: the Central Bank), and established into collections in accordance with the Decision on Establishing of Collections of Commemorative Montenegrin Coins (OGRM 45/02) shall be used in accordance with the provisions herein. Article 2 Commemorative Montenegrin coins established as “The Collection of All Montenegrin Coins” and “Three Gold Coins and Three Silver Coins Collection” may be used, for the purposes of representation, by the President of the Republic of Montenegro, The Speaker of the Parliament of the Republic of Montenegro, The Prime Minister of the Republic of Montenegro and the Chairman of the Council of the Central Bank of Montenegro, as a gift to the highest representatives of foreign states, governments, central banks, international financial institutions and other international organizations. Article 3 The Central Bank shall keep separate records on the use of the commemorative coin collections referred to in Article 2 herein. Article 4 Deleted. (OGRM 13/11) Article 5 Commemorative Montenegrin coins established into collections under sub-items 1.3 – 1.14, item 1 of the Decision on Establishing of Collections of Commemorative Montenegrin Coins can be purchased by national and foreign natural and legal persons at prices fixed under the Pricelist, which is printed along with this Decision and makes an integral part thereof. Article 6 The sale of commemorative Montenegrin coins shall be executed directly in the Central Bank.
By way of derogation from paragraph 1 above, the sale of collections referred to in subitems 1.9 - 1.14, item 1 of the Decision on Establishing of Collections of Commemorative Montenegrin Coins (OGRM 45/02) may be executed by legal persons authorised by the Central Bank. Article 7 This decision shall enter into force on the eighth day following that of its publication in the Official Gazette of the Republic of Montenegro. THE COUNCIL OF THE CENTRAL BANK OF MONTENEGRO NOTE: The Pricelist of the Collection of Commemorative Montenegrin Coins shall be deleted pursuant to the Decision on Changes in Prices of Commemorative Coins Issued (OGM 13/11).