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1 Perper

Issuer Glavna Državna Blagajna (Main State Treasury) of Montenegro
Year 1914
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Size 120 x 82 mm
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Obverse description The obverse is dominated by a central oval guilloche frame enclosing the Cyrillic denomination inscription ЈЕДАН ПЕРПЕР and the numeral 1 in red on both flanks. A vignette at the top centre presents scales of justice flanked by scrollwork and ornamental cartouches bearing the legend КРАЉЕВИНА ЦРНАГОРА. The text of the treasury order, serial number, series designation, date (Цетиње, 25 јула 1914), and two manuscript signatures of the President of the Main State Control and the Minister of Finance appear within the body of the note.
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Reverse description The reverse carries a dense letterpress underprint of the repeated text КРАЉЕВИНАЦРНАГОРА in diagonal rows across the entire surface, serving as a security background. Centred in the upper half is the bold Cyrillic heading КРАЉЕВИНА ЦРНАГОРА above the large denomination inscriptionЈЕДАН ПЕРПЕР, with a circular official stamp impression visible in the middle. Below, a legal notice references the law of 25 July 1914 and warns against forgery under articles 145 and 146 of the criminal code.
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Montenegro's decision to print its own currency in Cetinje in 1914 was an act of fiscal necessity driven by wartime disruption. With the outbreak of the First World War cutting off access to foreign printers, the Main State Treasury produced this note domestically — a rare instance of a small Balkan state operating its own currency press under active military conditions.

The security apparatus is minimal by contemporary European standards: an underprint and an official stamp, the latter applied by hand, which means impressions vary considerably in placement and ink saturation across surviving examples.