Regulatory Alerts2019-01-01
Decision Amending Statistical Data Submission for Montenegro's Balance of Payments Compilation
The Council of the Central Bank of Montenegro amended its existing decision to update the terminology and reporting framework for compiling the country's balance of payment statistics. The revision replaces references to "international transactions" with "international payment transactions," deletes outdated provisions, and introduces new statistical account codes for factoring companies, micro-credit institutions, and ancillary financial entities. These regulatory changes standardize data submission deadlines and methods for financial institutions, taking effect eight days after publication in the Official Gazette of Montenegro.
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