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18. May 2002
Montenegrin Bank governor: Decision to change dinars left to commercial banks
Podgorica, 17 May: Montenegrin Central Bank Board President Ljubisa Krgovic said on Friday [17 May] it was a great step forward for Serbia's economy that the dinar has become convertible, but said this would not essentially affect the Montenegrin monetary system.

Krgovic told a press conference the euro would continue to be the only legal means of payment in Montenegro "and the conversion of the dinar will be a matter of Montenegrin commercial banks linking with banks in Serbia".

"Commercial banks which want to carry out the conversion of the dinar will have the guarantees of the International Monetary Fund and the Montenegrin central bank will not prevent anyone in this," Krgovic said.

Source: Tanjug news agency, Belgrade

 

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