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| 表面の説明 | 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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| 表面の銘文 | ДЕСЕТ ПЕРПЕРА Главна Државна Благајна исплатиће доносиоцу ове упутнице Десет Перпера Вриједи за годину дана. Цетиње, 25. јула 1914. Председник Главне Државне Канцеларије Министар финансија (Translation: TEN PERPER / The Main State Treasury will pay to the bearer of this order note Ten Perper / Valid for one year. / Cetinje, 25 July 1914. / President of the Main State Inspectorate / Minister of Finance) |
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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.