Montenegro currency

Currency in Montenegro

You may be surprised to learn the currency of Montenegro is the Euro, despite Montenegro neither being part of the EU or EEA. This is because in 1999 the government decided to accept the Deutsche Mark as an official form of currency, due to the Yugoslav Dinar being unstable. As the Deutsche Mark was withdrawn in favour of the Euro in 2002 it resulted in the Euro becoming the official currency. Montenegro is not authorised to mint coins, so you won’t see any coins with a Montenegro design on the ‘tale side’.

Euro banknotes come in denominations of 5, 10, 20, 50, 100, 200 and 500. Coins are issued in denominations of 1, 2, 5, 10, 20 and 50 cents, as well as €1 and €2 bi-metallic coins.

Unless you head off the beaten track, you’ll find that credit and debit cards are accepted in most places. Although, some smaller bars and restaurants may prefer you to pay by cash.