Brskovo was first mentioned between 1219 and 1228, in a trade charter of King Stefan the first-crowned, addressed to Dubrovnik.
The Latin name for Brskovo was Brescoa, and it used to be the centre of a district. Having been regularly visited by merchants from Kotor and Dubrovnik, this town with silver mines, a mint and the Virgin's church administered by the Dominicans from Dubrovnik, had been at its zenith in 1280s, while from 1350 onwards, it completely declined. As a mine, Brskovo was established by the Saxons inhabiting this area. They had their prince and catholic priests. During its golden age, a customs office existed in Brskovo as well as a colony of Dubrovnik with a consul of Dubrovnik residing there. Money called «Grossi de Brescova» was minted in Brskovo. The Turks took Brskovo in 1399, and according to Dubrovnik sources, in 1433 it was an abandoned place.
On the whole inland territory of the present-day Montenegro, Brskovo was the only commercial centre whose importance could measure up to that of the coastal towns. Not even coastal towns could boast about such value of production and income.
At a dominant position, remains of a fortification – Hill-fort– i.e. a town controlling nearby and more distant area are situated.