 Later on euroisation however was acknowledged by the European Commission through a specific approach, which takes into account euroization happened due to “extraordinary circumstances” present in the country at the moment of introducing the euro.As a result of that, Montengro still continue to use the euro currency as its legal tender and hopes to join the European Union as soon as possible.Central Bank of Montenegro officials have indicated on several occasions that the European institutions expect Montenegro to adhere very strictly to ERM rules, as a part of the accession procedures to the European Union.