What is the name of the national currency of Montenegro? What currency should I take to Montenegro? Is it possible to pay in Montenegro using euros and a bank card? How to change money in Montenegro?
National currency and money in Montenegro
Since 2002, the national currency of Montenegro is the euro, indicated by the € symbol. The country is not a member of the European Union, and previously the local currency was the German mark. In everyday use there are 1 and 2 euro coins, as well as euro cents: 1, 2, 5, 10 and 50 coins . Banknotes in denominations of 5, 10, 20, 50, 100, 200 and 500 €.
What currency is best to take to Montenegro?
Only euros! It is difficult to change hryvnias, and dollars are exchanged at an unfavorable rate. It is best to buy euros at home and fly with cash and a euro bank card.
Where is it profitable to change money in Montenegro?
There are exchange offices in branches of private and public banks. Many hotels have licensed exchangers and special machines.
Operating mode:
- Banks are open from 8:00 to 19:00 on weekdays, and until 13:00 on Saturdays, closed on Sundays
- Exchange offices are open from 8:00 to 16:00 on weekdays, Saturday and Sunday days off
It is highly not recommended to change money from private individuals: there is a high risk of being deceived and receiving a fine for illegal transactions with money.
Do you need cash in Montenegro?
Be sure to take cash with you, preferably in small bills of 10, 20 and 50 € . In small shops and markets with large bills, you often won’t find change. Cash will be needed when renting a car, paying for excursions, or buying a bus ticket. Without declaration, you are allowed to import up to 10,000 € per tourist .
Is it possible to pay by card in Montenegro?
You can pay by card in most hotels, supermarkets and shopping centers. Visa, Maestro, American Express and Diner’s Club cards are accepted for payment . We advise you to open a card in euros in advance to avoid conversion when paying due to the frequently changing exchange rate. Most ATMs have a withdrawal limit of €300 per transaction, the commission is 3-5% of the amount.