Central Bank Governance
The Central Bank is governed by the Council of the Central Bank of Montenegro consisting of seven members – the Governor and two Vice-Governors and four members that are not the CBM employees (Srđa Božović, Milivoje Radović, Milorad Jovović and Asim Telaćević).
In addition to governing the Central Bank, the Council specifies policies, passes regulations, recommendations and orders to be issued by the CBM, decides on the issuing and revoking licenses to banks, financial institutions and payment systems, and performs other duties in accordance with the law.
Decisions passed by the Council have the nature of general acts (regulations) published in the Official Gazette of Montenegro.
The Council decides at its meetings to be attended by at least five members. The meetings are held at least once a month. The Council Secretary takes minutes of the meetings.
Central Bank Management