The town of Chiprovtzi has a population of 2 370 inhabitants and is the municipal centre of 9 settlements. It lies at a distance of 35 km from Montana. The town is located at the foot of the Western Stara Planina Mountains. The Ogosta River springs from the high parts of the mountains and runs through the town.

The settlement dates back to the Thracian times. The main means of living for the people has been the ore-mining. The first name of the settlement is Kiprovetz and comes from the name of a coin. During the Roman Empire the area has been among the most significant gold regions on the Balkans. After VI c. the Slavs populate the region. The town reaches its economic and cultural zenith during the first three centuries under the Ottoman yoke. Goldsmith's trade is the most well developed trade and makes the town one of the big goldsmith's centers on the Balkan Peninsula during XVI c. and XVII c. Many churches, schools and beautiful houses are built during the period of economic growth. The town is described in the Ottoman documents in 1666. During XIX c. the carpet-weaving industry is the fastest growing one in the region. The Chiprovtzi woolen carpets are hand-woven on a vertical loom. These carpets brought world fame to the town. Carpet weaving remains the main industry of the town till present days. The Chiprovtzi Monastery "St. Yoan Rilski" lies at a distance of 6 km from the town. It has been founded in X c. The Lopushanski Monastery lies at a distance of 20 km from Chiprovtzi.

Tourist sights of the town are: The Katerina's house with a demonstration of caret-weaving techniques, the church "Vaznesenie Hristovo"/Christ's Ascension/ (XIV c.) and the Chiprovtzi Monastery.