The Central Bank of Montenegro (CBCG) reported that a delegation led by Governor Irena Radovic visited the Deutsche Bundesbank to advance bilateral cooperation and Montenegro’s alignment with European System of Central Banks (ESCB) standards. Discussions covered CBCG’s regulatory, supervisory and operational convergence with EU and ESCB requirements, including payment system integration milestones such as SEPA implementation and the TIPS clone, and further steps to build institutional and operational readiness. The visit included meetings with Bundesbank President Joachim Nagel and Executive Board Member Burkhard Balz, with a focus on payment system modernisation, digital innovation and the evolving role of central banks. The CBCG delegation also participated in a Bundesbank digital euro study programme addressing the project’s policy objectives, system architecture, distribution models, rulebook development and potential implications for financial intermediation and bank liquidity. Cooperation was framed within EU-supported regional programmes led by the Bundesbank and a Twinning Project on financial services regulation aimed at strengthening the CBCG and the Insurance Supervision Agency’s regulatory framework and supervisory practices to support alignment with the EU acquis, including obligations under Chapter 9 on Financial Services.
Central Bank of Montenegro 2026-02-24
Central Bank of Montenegro strengthens cooperation with Deutsche Bundesbank to support ESCB alignment and payment systems integration
The Central Bank of Montenegro (CBCG) delegation, led by Governor Irena Radovic, visited the Deutsche Bundesbank to enhance cooperation and align with European System of Central Banks standards. Discussions focused on regulatory convergence, payment system integration, and digital innovation, including SEPA and TIPS clone implementation. The visit also included participation in a digital euro study programme and cooperation within EU-supported regional initiatives to strengthen CBCG's regulatory framework.