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Irena Radović Named as New Governor of Montenegro’s Central Bank

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In a significant development within Montenegro’s financial sphere, the Assembly has elected Irena Radović to the position of Governor of the Central Bank of Montenegro. 

The vote showcased strong support for Radović, with 58 assembly members endorsing her appointment against 13 dissenters.

Radović, who previously held the position of director at the Investment Development Fund, received her nomination from Montenegro’s President, Jakov Milatović. Milatović, in his speech to the assembly, highlighted the critical need to reform the Central Bank’s image, which has been tainted by allegations of nepotism. He stressed the crucial role the new governor will undertake in Montenegro’s journey towards European Union membership, emphasizing the importance of strengthening the Central Bank for the eventual integration into the EU’s economic and monetary union.

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Praising Radović’s credentials, Milatović pointed out her notable achievements at the Investment Development Fund and her strong professional and personal integrity. This move marks a strategic step in revitalizing the Central Bank’s role and reputation at a pivotal time in Montenegro’s path towards greater integration with European institutions.

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