Catalog
10 Perpera
| Issuer | Glavna Državna Blagajna (Main State Treasury) of Montenegro |
|---|---|
| Year | 1914 |
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| Value | 10 Perpera |
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| Obverse description | Blue-grey intaglio print on white paper with an elaborate ornamental border composed of interlaced guilloche scrollwork and foliate pillars at each side. A state coat of arms vignette occupies the upper-left corner, with the numeral '10' in red at upper right. The central text area carries the serial number, a promise-to-pay legend in Cyrillic, and the large denomination inscription 'ДЕСЕТ ПЕРПЕРА' in bold type. Below, the date 'Цетиње, 25. јула 1914.' and two manuscript signature lines for the President of the Main State Inspectorate and the Minister of Finance appear, with serial prefix and number repeated in the lower corners. |
|---|---|
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| Reverse lettering | КРАЉЕВИНА ЦРНА ГОРА ДЕСЕТ ПЕРПЕРА Упутница издана на основу закона од 25. јула 1914. Прављење и протурање лажних упутница кажњиве се по § §. 145 и 146. кривичног закона. (Translation: THE KINGDOM OF MONTENEGRO / TEN PERPER / Order note issued on the basis of the law of 25 July 1914. / The making and passing of counterfeit order notes is punishable under §§ 145 and 146 of the criminal code.) |
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| Comments |
Montenegro's 1914 mobilization left the government desperately short of hard currency. The Glavna Državna Blagajna issued this series not through a central bank — Montenegro had none — but directly through the state treasury, an arrangement that blurred the line between fiscal note and banknote in ways that would complicate post-war redemption claims when the country was absorbed into Yugoslavia in 1918.
The print run of over twelve million was substantial for a nation with a population under 300,000. Much of that volume was intended to fund wartime expenditure rather than ordinary commerce, and a significant portion never returned through normal redemption channels.
M. Dival's engraver credit appears in the plate margins — a name associated with Serbian printing contracts of the period, though the precise press responsible for this issue has not been firmly established in the literature.