IMF Staff Country Reports

Montenegro: Technical Assistance Report-Report on the Monetary and Financial Statistics Mission

July 30, 2019

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Montenegro: Technical Assistance Report-Report on the Monetary and Financial Statistics Mission, (USA: International Monetary Fund, 2019) accessed September 19, 2024

Summary

This Technical Assistance Report on Montenegro highlights work of the mission with the authorities which included compiling monetary data based on the IMF standardized report forms (SRF), 1SR, and SRF 2SR, for depository corporations. While the depository corporations sector currently dominates the financial system in Montenegro, the Central Bank of Montenegro (CBCG) should also ensure the availability of source data for the compilation and dissemination of a quarterly Other Financial Corporations (OFC) survey given the sector’s potential to grow. The mission found the CBCG’s current data collection framework is broadly appropriate for the compilation of monetary data in line with the MFSMCG 2016 for the depository corporations’ sector, but further work is needed for OFCs. The mission advised on the correct treatment of negative interest accruals (due to negative interest rates) to ensure that the negative accruals diminish the value of the asset.

Subject: Banking, Chart of accounts, Commercial banks, Currencies, Economic and financial statistics, Financial institutions, Financial statements, Monetary statistics, Money, Public financial management (PFM)

Keywords: CBCG management, CBCG official, CBCG staff, CBCG's chart of accounts, CBCG's Directorate for Accounting, CBCG's holding, CBCG's Information Technology Department, Chart of accounts, Commercial banks, CR, Currencies, Fair value, Financial statements, Financial system, Holdings of debt securities, Holdings of Eurobond, Holdings of government, Interest receivables, ISCR, Monetary statistics

Publication Details

  • Pages:

    29

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/254

  • Stock No:

    1MNEEA2019002

  • ISBN:

    9781513509334

  • ISSN:

    1934-7685