The currency of Montenegro. A bit of history
Today, the euro is unilaterally used as the national currency of the Republic of Montenegro (from 01.01.2002). This currency is accepted marked with the symbol "€", it has a bank code EUR and the standard of the International Organization for Standardization ISO 4217.
This currency is the official national currency of the 17
EU member states, in
which Montenegro is not yet involved. The euro is used in this beautiful resort country unilaterally, unofficially, without specific arrangements. Currency management and administration is carried out by the
European Central Bank. Thus, the currency in Montenegro is not a means of exchange of values created by the state to carry out independent financial activities. Euro is imported into the country from the outside, in any quantity without a declaration, and state authorities do not have banking leverage on the currency, completely dependent on the European Union.
Euro as a world currency
The euro is today one of the most influential currencies in the world. It unites the numerous peoples of Europe, simplifying the process of exchanging values between them. In addition, the euro is the only alternative to the US dollar both in stability and in its ability to meet the needs of the global economy. Just like the American dollar, which is used in many Latin American countries as a national banknote, the euro is in circulation as an official monetary unit in many countries of the world not members of the union.
An example of such a financial policy is the currency of El Salvador and the currency of Montenegro. The latest price ratios of two world currencies are $ 100 for € 75.50.
Face value
Each euro is one hundred cents. The latter have a coin shape and are sometimes called Eurocent. On one side of European cents, a pan-European drawing is depicted, which shows the face value of the coin and the continent, and the other has a national image. Euro cents with face values of € 0.01, € 0.02, € 0.05, € 0.10, € 0.20, € 0.50, € 1 and € 2 are issued. Euro banknotes have a common design, regardless of where they were made. Banknotes are issued on the territory of the European Union, in denominations of 5 €, 10 €, 20 €, 50 €, 100 €, 200 € and 500 € (the last two denominations are not made in all countries).
Modern history
During the twentieth century, the currency of Montenegro did not exist for long. This is, of course, connected with various wars and alliances affecting this beautiful state on the shores of the Adriatic Sea. At the beginning of the twentieth century (from 1909 to 1919), the Montenegrin perper was issued on its territory, which had the status of legal tender in this state.
However, the
First World War introduced its changes, according to which the Montenegrin currency was already from 1919 to 1920. had the name of the crown of the Kingdom of Serbs, Croats and Slovenes. And since 1920, this beautiful country on the Adriatic coast, being part of Yugoslavia, began to use its dinar as its own currency until 2000 (with short breaks on the Italian lira and the occupying Reichsmark during World War II). From 2000 to 2002 Montenegrins paid with the German mark. And since 2002, EU money is the unofficial currency of Montenegro. 2012, in turn, partially legalized the euro within the state, accepting the country as a candidate for
EU membership.