Montenegro uses the euro. It is one of many European nations that utilize this common currency. All euro banknotes and coins are legal tender in all countries.
One euro is split into 100 cents.
The euro is denoted by the symbol € and has the ISO code EUR. The cent has no official symbol.
- Banknotes: Euro banknotes have the same design in all the countries.
- Normal coins: Every eurozone country issues coins with a unique national design on one side and a standard common design on the other. Coins, regardless of design, may be used in any eurozone nation (e.g. a one-euro coin from Finland can be used in Portugal).
- Commemorative two euro coins: These vary from regular two-euro coins solely on their “national” side and are freely circulated as legal currency. Each nation may make a specific number as part of their regular coin manufacturing, and “European-wide” two euro coins are sometimes minted to mark exceptional occasions (e.g. the anniversary of important treaties).
- Other commemorative coins: Commemorative coins of other amounts (e.g. ten euros or more) are much rarer, and have entirely special designs and often contain non-negligible amounts of gold, silver or platinum. While they are technically legal tender at face value, their material or collector value is usually much higher and, as such, you will most likely not find them in actual circulation.
- ATMs: In most large cities, hundreds of new ATMs have been deployed. Most foreign VISA and MasterCard credit/debit cards are accepted at the ATMs. Look for an ATM of your bank if you are from the Balkans, Central or Eastern Europe. It’s conceivable that the bank will be based in Montenegro and that there would be no costs.
- Credit Cards: Despite the fact that they are accepted at supermarkets, hotels, restaurants, and many stores, have some cash on hand for open-air markets, souvenir stalls, tiny bakeries, museums, and public transportation.
- Exchange offices: It’s not particularly frequent, since almost all visitors carry euros with them. If you arrive in Montenegro without any euros, use an ATM (preferred) or locate a bank to exchange US dollars, Swiss francs, or British pounds.
Regular companies and government offices are open from 8 a.m. to 4-5 p.m., while convenience stores, pharmacies, and shops are open from 8 a.m. to 9 p.m. Bars, taverns, and restaurants often stay open until midnight or 1 a.m., while clubs may stay up until 3 or 4 a.m.