Currency in Montenegro: exchange, import, money. What is the currency in Montenegro?
Currency in Montenegro
What is the currency in Montenegro? Many people ask this question before traveling to this country. The official currency of Montenegro is the euro, despite the fact that the country is not a member of the European Union. Moreover, the euro has been the main currency for this country for more than 10 years..
It is worth noting that Montenegro does not have the right to independently issue currency, so all funds come to the country from abroad, including from tourists arriving here. Most likely, everyone knows that the euro circulates in the form of coins and banknotes. Coins are in denominations of 1, 2, 5, 10, 20, 50 cents (1 euro = 100 cents) and 1, 2 euros. Banknotes are in denominations of 5, 10, 20, 50, 100, 200, 500 euros. It should be added that in Montenegro, smaller bills are especially popular - up to 100 euros..
What currency to take to Montenegro
The answer to this question is obvious - it is necessary to take the euro into the country. At the same time, problems with foreign currency may arise; services with such currency cannot be paid. Perhaps, from foreign currency, the least problems will arise with the dollar, as a last resort, you can take rubles.
The import of currency into the country is unlimited, however, when importing an amount exceeding 2000 euros, you must fill out a declaration. For export, there are stricter restrictions, without declaration, you can withdraw up to 500 euros.
Currency exchange in Montenegro
Traditionally, currency can be exchanged in various institutions that are somehow connected with money - airports, banks, exchange offices, hotels. However, you should think carefully before entering a country with foreign currency, it may be more profitable to exchange it before arriving in Montenegro.
Banks here work from 8 am to 7 pm, on Saturday a short day - until 5 pm, Sunday is a day off, respectively..
Plastic cards
There will be no problems with bank cards. In Montenegro, you can pay for services by card almost everywhere, even in small shops. It is best to give preference to common payment systems - MasterCard and VISA. You can also withdraw cash here, there are enough ATMs in cities.
Cash payment
In conclusion, we can remind once again that the most popular money in Montenegro is amounts up to 100 euros. Even spinning in a store and paying for the goods with a 100 euro bill, you can see the surprised face of the seller - here it is considered a lot of money. And if you pay with a 500 euro bill, then the store simply may not have change, you will have to go and exchange money at the nearest bank.