Montenegro and the euro Montenegro and the euro Montenegro has no currency of its own. From 1996 the Deutsche Mark was the "de facto" currency in all private and banking transactions and it was formally adopted as Montenegro's currency in November 1999. The mark was replaced by the euro in 2002 without any objections from the European Central Bank (ECB). The European Commission and the ECB have since voiced their discontent over Montenegro's unilateral use of the euro on several occasions, with Amelia Torres, a spokesperson for the European Commission, saying "The conditions for the adoption of the euro are clear. That means, first
Currency pair = Cable = GBP/USD. The currency pairs that do not involve USD are called "cross currency pairs", such as GBP/JPY. Pairs that involve the euro are often called "euro crosses", such as EUR/GBP. Currencies are traded in fixed contract sizes, specifically called lot sizes, or multiples thereof. The standard lot size is 100,000 units. Many retail trading firms also offer 10,000-unit (mini lot) trading accounts and a few even 1,000-unit (micro lot). The officially quoted rate is a spot price. In a trading market however, currencies are offered for sale at an offering price (the "ask price"), and traders looking