2024-01-01

Decision Amending the Decision on Medals and Tokens Similar to Euro Coins

The Council of the Central Bank of Montenegro issued this decision to amend existing regulations governing medals and tokens resembling euro coins. Article 5 is updated to replace all references to the European Anti-Fraud Office (OLAF) with the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN). Article 7 is amended to mandate that revoking non-compliant medals or tokens must be imposed alongside penalties for related offences, with the decision taking effect eight days after its official publication.

Central Bank of Montenegro logo

Montenegro

Central Bank of Montenegro

Click to view thumbnail

Pursuant to Article 44 paragraph 2 point 3 and in conjunction with Article 27 of the Central Bank of Montenegro Law (OGM 40/10, 46/10, 06/13, 70/17), the Council of the Central Bank of Montenegro, at its meeting held on 7 September 2018, passed the following DECISION Amending the Decision on Medals and Tokens Similar to Euro Coins Article 1 In the Decision on Medals and Tokens Similar to Euro Coins (OGM 44/14), in Aritcle 5 paragraph 3, the words “to the European Commission - European Anti-Fraud Office (hereinafter: the OLAF)” shall be replaced by the following: “European Commission - Directorate-General for Economic and Financial Affairs (DG ECFIN)”. In paragraph 4 the word “OLAF”, shall be replaced by the following “DG ECFIN”. Article 2 (In Article 7 paragraph 1 point 1 in the original Montenegrin version the typing error has been corrected). After paragraph 3 new paragraph shall be added, worded as follows: “A protective measure of revoking medals and tokens similar to euro coins subject to offences shall be imposed together with the imposing of measures for offences referred to in paragraphs 1 through 3 above.” Article 3 This Decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro. THE COUNCIL OF THE CENTRAL BANK OF MONTENEGRO CHAIRMAN G O V E R N O R, Decision number: 0101-6850-4/2018 Podgorica, 7 September 2018 Radoje Žugić, m.p.