The ECB agrees to extend the EUREP Line with CBCG until 31 January 2027

07/02/2025

The Governing Council of the European Central Bank (ECB) granted an extension for the Central Bank of Montenegro (CBCG) to use the EUREP (Eurosystem repo facility for central banks) liquidity line until 31 January 2027.

The ECB’s EUREP liquidity lines help prevent tensions in international funding markets, enabling Montenegro to address possible euro liquidity needs in the event of market disturbances or imbalances. The arrangement allows for a maximum borrowable amount of up to 250 million euros for the CBCG.

The ECB established this instrument in June 2020 as a temporary measure of supporting the central banks of countries which are not part of the euro area. The repo arrangement provides liquidity against high-quality euro-denominated collateral.

Montenegro has not used funds from the EUREP line so far, confirming our financial system’s stability and adequate liquidity.