Currency of Montenegro, its face value and history

Currency of Montenegro. A bit of history

To date, the euro has been unilaterally used as the national currency of the Republic of Montenegro (since 01.01.2002). This currency is accepted Denoted by the symbol "€", it has the bank code EUR and the standard of the International Organization for Standardization ISO 4217. This currency is the official national currency of the 17 member countries of the European Union, in which Montenegro is not yet participating. The euro is used in this beautiful resort country unilaterally, unofficially, without certain agreements. Management and administration of the currency is carried out by the European Central Bank. Thus, the currency in Montenegro is not a means of exchanging values created by the state for the implementation of independent financial activities. The euro is imported to the country from outside, in any quantity without a declaration, and the state authorities have no banking leverage to influence the currency, depending entirely on the European Union.

Euro as world monetary unit

The euro is one of the most influential currencies in the world today. It unites the numerous peoples of Europe, simplifying the process of the exchange of values between them. In addition, the euro is the only alternative to the US dollar in terms of both stability and ability to meet the needs of the world economy. Just like the US dollar, which is used in many Latin American states as a national banknote, the euro is in circulation as the official monetary unit in many countries of the non-union world. An example of such a financial policy is the monetary units of El Salvador and the currency of Montenegro. The last price ratio of the two world currencies is $ 100 for 75.50 €.

Nominal

Each euro consists of one hundred cents. The latter have a monetary form and are sometimes called euro cents. On one side of the European cents, an all-European figure is repulsed, depicting the denomination of the coin and the continent, and the other has a national image. Eurocents are issued in denominations of 0,01 €, 0,02 €, 0,05 €, 0,10 €, 0,20 €, 0,50 €, 1 € and 2 €. Euro banknotes have a common design, regardless of where they were manufactured. 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 manufactured in all countries).

Modern History

During the twentieth century, Montenegrin currency did not last long. This is, of course, connected with the 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), Montenegrin perper was issued on its territory, which had the status of a legitimate payment means of this state.
However, the First World War made its changes, according to which the Montenegrin currency already from 1919 to 1920. The Crown of the Kingdom of Serbs, Croats and Slovenes. And since 1920, this beautiful country off the coast of the Adriatic Sea, being part of Yugoslavia, began using its dinar as its own currency until 2000 (with short breaks on the Italian lira and the occupation Reichsmark during World War II). From 2000 to 2002 Montenegrins paid the German stamp. And since 2002, the money of the European Union is the unofficial currency of Montenegro. 2012, in turn, partially legitimized the euro within the state, taking the country as a candidate for membership in the European Union.