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10 Perper = 5 Münzperper (Kronen / Kruna / Korona)

Issuer K.u.K. Militärverwaltung in Montenegro
Year 1917
Type Standard circulation banknote
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Reverse description The reverse is printed in brown and white, divided into two columns of parallel text in Serbian (Cyrillic-based Latin script) and Albanian, both conveying the equivalent legal text of the obverse. Corner numerals '10' are set within rectangular frames matching the obverse design, and bold headings read 'UPUTNICA NA DESET PERPERA' and 'VALIA PERMI DHETË PERPERA', with value lines 'PET ZVEČEĆIH PERPERA ILI PET KRUNA' and 'PESË PERPERA T'PREEM A PESË KORONA'. The date 'Cetinje, 1. Jinio 1917' appears at lower left of both columns, with the facsimile signature of the general governor repeated at lower right.
Reverse lettering UPUTNICA NA DESET PERPERA
c.ikr. Vojne Uprave u Crnoj Gori.
PET ZVEČEĆIH PERPERA
ILI PET KRUNA.
Cetinje, 1. Jinio 1917.
C. i k. voj. generalni guverner
VALIA PERMI DHETË PERPERA.
P. e. M. t'ushtriës në Mal-Zië.
PESË PERPERA T'PREEM
A PESË KORONA.
Cetinje, 1 Jinio 1917.
P. e. M. gjenëral guverneri i ushtriës:
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Comments

The Austro-Hungarian military administration in Montenegro introduced this note following the occupation of January 1916, when the Montenegrin army's collapse left the country under direct K.u.K. control. The dual valuation — Perper alongside the Kronen equivalency — was a deliberate policy instrument, not a courtesy: it forced the local Perper-denominated economy into alignment with imperial currency while technically preserving Montenegrin monetary forms.

Printing in Cetinje rather than Vienna is notable. The occupying administration used local facilities, which accounts for the comparatively crude production quality observed across the M151 series.

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