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31/01/2017

Central Bank of Montenegro Council held its fourth meeting today, chaired by the Governor, Radoje Žugić, PhD.

The Council adopted the Governor`s Report on Central Bank of Montenegro Business Activities and Policy Implementation in December 2016, stating that all Central Bank activities in this period have been implemented in accordance with the scheduled duties defined by the 2016 Central Bank Working Program. The Council examined and evaluated the impact of potential risks in the macroeconomic environment within financial system to financial stability condition and found the financial system as being stable and the systemic risk level as moderate.

The Council adopted the Decision on keeping special records on foreign current and capital transactions and proving data on those to the Central Bank of Montenegro. This Decision, compared to the present legal solution, increases the volume of data and introduces electronic reporting on a quarterly basis. This way will simplify the manner of providing data, contribute to the increase of data quality for the need of compiling country balance of payment, as well as to the  implementation of regulation and meeting the requirements from Chapter 18 – Statistics.

The Council also discussed other issues under its competence.