Montenegro’s Monetary – Exchange and Foreign Trade Reforms – A Brief Review
Montenegrin Economic Papers No. 1
6 Pages Posted: 2 May 2011
Date Written: April 1, 2002
On November 2, 1999, Montenegro began a major currency reform leading to the introduction of the German mark as the legal tender. This and the subsequent liberalization of Montenegro's monetary – exchange and trade regimes led to the introduction of the euro in 2002. But there is very limited, reliable published information on these currency reforms. This paper attempts to fill this gap by providing a brief overview of the context, motivation and implementation of these reforms as of early 2002.
Keywords: Montenegro, Euro, Dollarization, Monetary Unions
JEL Classification: E42, E63, F33
Suggested Citation: Suggested Citation