The Central Bank of Montenegro (CBCG) and the Croatian National Bank (HNB) signed an agreement establishing a framework for operational cooperation on euro cash exchange. The arrangement covers the exchange of fit and unfit euro banknotes and coins and is structured as a “cash for cash” system with no payments to accounts. It also sets out the technical, security and logistical conditions for the exchange, with both governors linking the agreement to improved cash handling standards and more efficient, predictable management of euro cash flows, including through streamlined transport and cost optimisation, in line with European central bank standards.
Central Bank of Montenegro 2025-05-29
Central Bank of Montenegro and Croatian National Bank sign cooperation agreement for euro cash exchange
The Central Bank of Montenegro and the Croatian National Bank signed an agreement for operational cooperation on euro cash exchange. It covers the exchange of fit and unfit euro banknotes and coins under a "cash for cash" system, detailing technical, security, and logistical conditions. The agreement aims to enhance cash handling standards and optimize euro cash flow management in line with European central bank standards.