At an international conference marking the Central Bank of Montenegro’s 25th anniversary, Governor Irena Radović described the institution as moving from its initial phase of building monetary and financial stability toward integration into the European central banking system. She highlighted Montenegro’s entry into the Single Euro Payments Area and the introduction of the TIPS Clone instant payment system as reforms that are making payments faster and cheaper while deepening integration with the European financial area. President of Montenegro Jakov Milatović linked the country’s European prospects to strong and independent institutions. International Monetary Fund Managing Director Kristalina Georgieva said EU accession could, under the right conditions, increase Montenegro’s gross domestic product per capita by 30% to 35% over a decade, with the central bank supporting that process through sound regulation, credible supervision, modern payment systems and continued alignment with European practices.
2026-09-04Central Bank of Montenegro
Central Bank of Montenegro marks 25 years with focus on European integration and payment modernization
The Central Bank of Montenegro marked its 25th anniversary by framing European integration and payment modernization as the next phase of its development. Governor Irena Radović highlighted SEPA membership and the TIPS Clone instant payment system, while IMF Managing Director Kristalina Georgieva said EU accession could raise Montenegro’s GDP per capita by 30% to 35% over a decade under the right conditions.