Regulatory Alerts2026-01-01
Decision on the Manner of Using the Collections of Commemorative Montenegrin Coins Issued on the Occasion of Celebrating the Centenary of Minting the First Montenegrin State Coins
The Council of the Central Bank of Montenegro issued this decision to regulate the use and sale of commemorative coin collections celebrating the centenary of the first Montenegrin state coins. It designates specific coin collections for official diplomatic representation by high-ranking state and central bank officials while authorizing the public purchase of other collections through the Central Bank and authorized entities. The regulation mandates separate record-keeping for gold coin collections and establishes the legal framework for these transactions upon publication in the Official Gazette.
Unofficially consolidated translation DECISION ON THE MANNER OF USING THE COLLECTIONS OF COMMEMORATIVE MONTENEGRIN COINS ISSUED ON THE OCCASION OF CELEBRATING THE CENTENARY OF MINTING THE FIRST MONTENEGRIN STATE COINS (OGRM 37/06 of 9 June 2006, OGM 09/07 of 30 November 2007, 13/11 of 4 March 2011) Article 1 The commemorative coins issued on the occasion of celebrating the centenary of minting of the first Montenegrin state coins, established into collections in accordance with the Decision on Establishing the Collections of Montenegrin Commemorative Coins (OGRM 31/06), shall be used pursuant to the provisions herein. Article 2 The commemorative coins established as “Entire Montenegrin Coins Collection” and “Three Gold Coins and Three Silver Coins Collection” may be used for the representation by the following persons: President of the Republic of Montenegro, President of the Parliament of the Republic of Montenegro, President of the Government of the Republic of Montenegro, and the President of the Council of the Central Bank of Montenegro as presents handed over to the highest representatives of foreign states, governments, central banks, international financial organisations and other international organisations. Article 3 Deleted. (OGM 13/11) Article 4 In addition to the collections referred to in Article 2 herein, other collections of Montenegrin commemorative coins may be purchased by domestic and foreign natural and legal persons directly in the Central Bank. The prices of the collections referred to in paragraph 1 above shall be determined in the Pricelist of the collections of commemorative Montenegrin coins, which is printed together with this Decision and makes an integral part thereof. Article 5 Separate records which contain gold coins shall be kept on the use of the collections referred to in Article 2 herein and on the collections sold under Article 4. Article 6 Legal entities authorised by the Central Bank may sell the collections referred to in Article 4 herein that do not contain gold coins. 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
Unofficially consolidated translation NOTE: The Pricelist of the collections of commemorative Montenegrin coins shall be deleted pursuant to the Decision on Changes in Prices of Commemorative Coins Issued (OGM 13/11).