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     Foreign Exchange Reference Rates
Euro Foreign Exchange Reference Rates as at: 25.11.2014.
All currencies quoted against the euro
(base currency)
   Note: The quoted rates shall apply
   as of 00:00h, 26.11.2014.
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Regulations


Laws

- Central Bank of Montenegro Law
(˝Official Gazette of MNE“, nos. 40/10, 46/10, 6/13)

- The Banking Law
(˝Official Gazette of MNE“, nos. 17/08, 44/10, 40/11)

- Law on National Payment Operations
(˝Official Gazette of MNE“, no. 61/08, 40/11, 31/12)

- Payment System Law
(˝Official Gazette of MNE“, no. 62/13, 6/14) - The law came into force on 8 January 2014 and it shall apply as of 9 January 2015

- Financial Stability Council Law
(˝Official Gazette of MNE“, no. 44/10)

- Deposit Protection Law
(˝Official Gazette of MNE“, no. 44/10)

- Law on Bank Bankruptcy and Liquidation
(“Official Gazette of RoM” no. 47/01, ˝Official Gazette of MNE“ nos. 62/08, 44/10)

- Law on the Prevention Of Money Laundering and Terrorist Financing
("Official Gazette of Montenegro" no. 14/07, 04/08 and 14/12) - no longer in force, except for the provisions of Article 28 and 29

- Law on Prevention Of Money Laundering and Terrorist Financing
("Official Gazette of Montenegro" no. 33/14)

- Law on Settlement of Obligations and Claims in Respect of Foreign Debt and Foreign Currency Savings of Citizens
(“Official Gazette of RoM” nos. 55/03, 11/04)

 


Monetary instruments

Decision on Open Market Operations
(˝Official Gazette of MNE“, no. 15/11)

- Decision on Detailed Conditions for Granting Liquidity Loans to Banks
(˝Official Gazette of MNE“, no. 15/11)

- Decision On Granting Last-Resort Financial Assistance
(˝Official Gazette of MNE“, no. 15/11)


- Decision on Bank Reserve Requirement to be Held With the Central Bank of Montenegro
(˝Official Gazette of MNE“, nos. 35/11, 22/12, 61/12, 57/13) - Unofficially consolidated translation


International reserves management

- Decision on International Reserves Management
(“Official Gazette of MNE”, no. 19/11)

 


Bank supervision

 

- Decision on documents supporting the request for granting approvals under the Banking Law
(˝Official Gazette of MNE“, no.57/08, 80/10) - Unofficially consolidated translation
- Annex


- Decision on more detail requirements to be met by the member of the bank’s board of directors
(˝Official Gazette of MNE“, no. 80/10)


- Decision on capital adequacy of banks
(˝Official Gazette of MNE“, no. 38/11, 55/12) - Unofficially consolidated translation


- Decision on Minimum Standards for Operations with Bank Related Parties
(˝Official Gazette of MNE“, no. 60/08)


- Decision on minimum standards for liquidity risk management in banks
(˝Official Gazette of MNE“, no.60/08)


- Decision on Minimum Standards for Credit Risk Management in Banks
(˝Official Gazette of MNE“, no. 22/12, 55/12, 57/13) - Unofficially consolidated translation


- Decision on the Manner of Calculating Bank Exposuress
(˝Official Gazette of MNE“, no. 15/12)


- Decision on Minimum Standards for Market Risks Management in Banks
(˝Official Gazette of MNE“, no. 60/08)


- Decision on methods for preparation of the consolidated financial reports of the banking group
(˝Official Gazette of MNE“, no. 24/09)


- Decision on Minimum Standards for Operational Risk Management in Banks
(˝Official Gazette of MNE“, no. 24/09)


- Decision on minimum standards for interest rate risk management not originating from bank's trading activities
(˝Official Gazette of MNE“, no. 60/08)


- Decision on Minimum Standards for Country Risk Management
(˝Official Gazette of MNE“, no. 60/08)


- Decision on Methodology for Country Risk Measurement in Banks
(˝Official Gazette of MNE“, no. 60/08, 51/13)


- Decision on minimum standards for bank investment in immovable property and fixed assets
(˝Official Gazette of MNE“, no. 24/09, 66/10, 58/11, 61/12, 13/13, 51/13) - Unofficially consolidated translation


- Decision on Reports to be Submitted to the Central Bank of Montenegro
(˝Official Gazette of MNE“, no. 64/12)

- ANNEXES


- Decision on Public Disclosure of Data and Information by Banks
(˝Official Gazette of MNE“, no. 02/12)


- Decision on the content, deadlines and manner of compiling and submitting bank’s financial statements
(˝Official Gazette of MNE“, no. 18/13)


- Decision on Chart of Accounts for Banks
(˝Official Gazette of MNE“, no. 55/12)
- ANNEX

- Guidance on the Manner of Recording Loan Loss Provisions, Value Adjustments and Written off Items of the on-Balance Sheet Assets When Determining Opening Balance in Banks’ Business Books for 2013
(˝Official Gazette of MNE“, no. 61/12)


- Decision on the Basics of Internal Control System in Banks
(˝Official Gazette of MNE“, no. 60/08)

Decision on Internal Audit in Banks
(˝Official Gazette of MNE“, no. 60/08)


- Decision on the Banking Ombudsman
(˝Official Gazette of MNE“, no. 15/09, 02/12) - Unofficially consolidated translation


- Decision on Minimum Standards for Risks Management in Micro-Credit Financial Institutions
(˝Official Gazette of MNE“, no. 24/09, 41/09, 61/12) - Unofficially consolidated translation


- Decision on Conditions for Performing Credit Guarantee Operations
(˝Official Gazette of MNE“, no. 42/08)


- Decision on the content and manner of keeping registers of banks, MFIs, credit unions, branches of foreign banks, representative offices of foreign legal entities and legal persons engaged in credit guarantee operations
(˝Official Gazette of MNE“, no. 60/08)


- Decision on Credit registry
(˝Official Gazette of MNE“, no.  27/11, 64/12) - Unofficially consolidated translation
-
Annex

- Decision Amending the Decision on Credit Registry
(˝Official Gazette of MNE“, no.  64/12)

- Decision on Credit registry
(˝Official Gazette of MNE“, no.  27/11)


Protection of consumer loan beneficiaries

- Decision on the uniform manner of calculation and reporting of effective interest rate on loans and deposits
(˝Official Gazette of MNE“, no. 51/13)

- Decision on the Uniform Manner of Calculation and Reporting of Effective Interest Rate on Loans and Deposits
(“Official Gazette of RoM”, nos. 48/03, 55/03)


- Decision on registration of credit intermediaries with the Central Bank of Montenegro
(˝Official Gazette of MNE“, no. 51/13)

- Decision on the content of the form for informing consumers on consumer loans
(˝Official Gazette of MNE“, no. 51/13)

 


Payment operations and payment systems

- Decision on the structure of the transfer execution account and the detailed conditions and manner of account opening and closing
(˝Official Gazette of MNE“, no. 24/09, 15/11) - Unofficially consolidated translation


- Decision on the Contents of the Central Registry of Accounts
(˝Official Gazette of MNE“, no.24/09, 15/11) - Unofficially consolidated translation


- Decision on keeping records of the accounts for international payment system
(˝Official Gazette of MNE“, no.24/09, 15/11) - Unofficially consolidated translation


- Decision on the minimum elements of credit and debit orders
(˝Official Gazette of MNE“, no.24/09, 41/09) - Unofficially consolidated translation


- Decision on the minimum value of interbank transfers of assets to be processed in RTGS system
(˝Official Gazette of MNE“, no.24/09)


- Decision on the conditions and manner of performing certain activities involved in the transfer execution by the agent
(˝Official Gazette of MNE“, no. 24/09)


- Decision on issuing and use of remote access payment instruments and the manner and deadlines for reporting
(˝Official Gazette of MNE“, no. 24/09)


- Decision on more detailed conditions for payment systems license issuing and revoking and granting approvals
(˝Official Gazette of MNE“, no. 24/09)


- Payment system rules for interbank payment transfers
(˝Official Gazette of MNE“, no. 24/09)


- Decision on the manner and procedure of the national payment system supervision
(˝Official Gazette of MNE“, no. 15/11)


- Decision on payment systems oversight
(˝Official Gazette of MNE“, no. 24/09)


- Decision on the unique structure for identification and classification of the accounts by IBAN standard for cross border payments
(˝Official Gazette of MNE“, no. 74/06)


- Decision repealing the Decision on Mandatory Elements of the Payer’ Transfer Order
(˝Official Gazette of MNE“, no. 64/12)


- Decision on clearing of international payments
(˝Official Gazette of MNE“, no. 20/08)

- Decision on detailed requirements and manner of performing bureau de change operations
(˝Official Gazette of MNE“, no. 27/11)

- Decision on the unique blank form bill
(˝Official Gazette of MNE“, no. 81/05)


- Decision on putting into circulation, the sale price and the withdrawing from circulation of the unique blank form bills
(˝Official Gazette of MNE“, no. 01/06)

 


Enforced collection

-


Balance of payments

- Decision on Keeping Separate Records on Foreign Current and Capital Transactions and Their Reporting to the Central Bank of Montenegro
(“Official Gazette of MNE”, no. 38/10)
           - Form DI-1
           - Form DI-2
           - Form KO-1
           - Form KZ-1
           - Form RN-1
           - Codebook

- Decision on the Amount of Cash that May be Brought into or Leave Montenegro Without Declaring
(“Official Gazette of MNE”, no. 38/10)

- Decision on Statistical Data to be Submitted to the Central Bank of Montenegro for the Purpose of Compiling the Balance of Payments of Montenegro
(“Official Gazette of MNE”, no. 61/12)

 


Security and protection of banknotes and coins

- Decision on Authenticity and Fitness Checking and Recirculation of Euro Notes and Coins
(“Official Gazette of MNE”, no. 35/11)

- Decision on the Handling of Suspect Euro Notes and Coins and Other Activities Aimed at Protecting the Euro Against Counterfeiting
(“Official Gazette of MNE”, no. 35/11)

- Decision on medals and tokens similar to euro coins
(“Official Gazette of MNE”, no. 44/14)

Issuance of commemorative coins

-


Other

- Decision on the Chart of Accounts of the Central Bank of Montenegro
(“Official Gazette of MNE”, no. 29/11)

ANNEX


- Decision on Determining Tariff for Calculating Fees Charged for the Central Bank of Montenegro Services
(“Official Gazette of MNE”, nos. 29/11, 22/12, 58/13) - Unofficially consolidated translation

 

 

 

 

 

 

 

 

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