International Payment Transactions
The Central Bank of Montenegro opens accounts abroad in order to perform functions defined in the Central Bank of Montenegro Law. The CBCG has active accounts with several foreign central and commercial banks for conducting international payment transactions. It continuously improves the current and/or develops new correspondent relations with foreign business partners for the purpose of international payment transactions as well as for investing international reserve funds.
Pursuant to the legal provisions, international payment transactions activities involve all international payments on behalf of and for the account of the CBCG as well as for the account of the Government and its bodies and organisations. International payment services are performed in line with international banking practices, standards, and European regulations.