Regulatory Alerts2023-01-01
Central Bank of Montenegro Law
The Parliament of Montenegro enacted this law to establish the Central Bank of Montenegro as an independent legal person with the primary objective of maintaining financial system stability and price stability. The legislation grants the Central Bank exclusive authority over currency issuance, monetary policy instruments, and the supervision of credit institutions, payment systems, and electronic money issuers. It further defines the bank's capital structure, its role in managing international reserves, and its operational independence from government bodies while outlining mandatory cooperation mechanisms.
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