Central Banking

Montenegro sends mixed signals after central bank

A decision by Motenegro to set up a central bank has further loosened its ties to Serbia, but not broken the monetary affiliation between the two federation partners, Montenegrin premier Filip Vujanovic said. But, a day earlier, a banker and senior official of the ruling Democratic Party of Socialists (DPS) Bozidar Gazivoda said the creation of the central bank meant that Montenegro in effect had ditched the Yugoslav dinar currency.

Vujanovic said: "We will have to find a way to make the dual

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