What is the currency in Montenegro?

What's the Currency in Montenegro? The currency in Montenegro is the euro. As the official legal tender in Montenegro, the euro is officially recognized by the Montenegrin government, meaning you can use it to settle all financial obligations in the country, including paying for goods, services, taxes, and debts.

Is Montenegro a member of the EU?

Montenegro is a country in South-Eastern Europe, which is neither a member of the European Union (EU) nor the Eurozone; it does not have a formal monetary agreement with the EU either. However, it is one of the two territories (along with Kosovo) that has unilaterally adopted the euro [a] in 2002 as its de facto domestic currency.

What happens if Montenegro adopts the Euro?

In 2009 Nikola Fabris, chief economist of the Central Bank of Montenegro, noted that the situation was different when the euro was adopted by Montenegro, and that other states that have considered unilaterally adopting the euro, such Bosnia and Herzegovina, would face sanctions from the EU including suspending their accession process.

How to spend money in Montenegro without rip-off fees?

Use the Wise debit card to spend in Montenegro without rip-off fees. Withdraw money, pay for meals in restaurants or spend in shops in euro, all at the real exchange rate with the Wise debit card. Spending money in Montenegro. You'll usually be able to use your card to pay for your hotel bill in Montenegro, but cash is still preferred elsewhere.