Central Banking

Montenegro rejects NBJ advances

The leaders of Montenegro's monetary authorities sent a message today to the new governor of the National Bank of Yugoslavia [NBJ], Mladjan Dinkic, that he should not try to establish monetary sovereignty over Montenegro, because that is "neither theoretically nor practically" possible.

When he accepted the position of NBJ governor on Tuesday 28 November, Dinkic emphasised in the federal parliament that during his first 100 days in office one of the priorities would be establishing monetary au