Money & duty free for Montenegro
Exchange rates:
EuroC$1 = €0.72
£1 = €1.19
US$1 = €0.96
Currency & Money
Montenegro uses the Euro (€), even though it is not an EU member or part of the Eurozone. The currency was adopted in 2002, replacing the German Deutsche Mark, which had been in use since 1999.
Euro (€) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and €1, and 50, 20, 10, 5, 2 and 1 cents.
Credit cards are widely accepted in Montenegro, particularly in urban areas and tourist destinations such as Podgorica, Budva, and Kotor. Most hotels, restaurants, shops, and supermarkets accept Visa, Mastercard, and increasingly American Express.
ATMs (bankomats) are readily available in cities and major tourist spots, dispensing Euros. Most ATMs accept international cards, but travellers should be aware of foreign transaction fees and consider informing their bank of travel plans to avoid issues.
Travellers entering or exiting Montenegro with amounts exceeding €10,000 (or equivalent in other currencies) must declare these funds to customs authorities. This includes cash, checks, and other means of payment.
Montenegro duty free
The following items may be imported into Montenegro by travellers aged 17 and over without incurring customs duty:
• 200 cigarettes or 100 cigarillos or 50 cigars or 250g of tobacco.
• 2L of spirits up to 22% alcohol volume or 1L of spirits over 22% alcohol volume.
• 4L of non-sparkling wine.
• 16L of beer.
• Goods to the value of €430 if arriving by air or sea or €300 if arriving by land (reduced to €150 for children under 15).
Additionally, Port Montenegro, located in Tivat, offers duty-free and tax-free fuel to both private and commercial yachts, providing a cost-effective refuelling option for maritime travellers.
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