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| Issuer | Glavna Državna Blagajna (Main State Treasury) of Montenegro |
|---|---|
| Year | 1914 |
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| Value | 10 Perpera |
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| Obverse description | Printed entirely in red on a fine guilloche underprint, the obverse carries the denomination legend ДЕСЕТ ПЕРПЕРА in large Cyrillic capitals across the upper portion, with the numeral 10 repeated in each corner. The Montenegrin royal coat of arms is rendered as a central vignette in a deeper red tone. The date Цетиње, 25. јуна 1914. appears below the arms, flanked by the series and serial number designations, with two manuscript signatures of issuing officials at the foot of the note. |
|---|---|
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| Reverse lettering | КРАЉЕВИНА ЦРНА ГОРА ДЕСЕТ ПЕРПЕРА Упутница издана на основу закона од 25. јула 1914. |
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| Comments |
Montenegro's 1914 treasury notes were issued by the Glavna Državna Blagajna as an emergency fiscal measure in the opening weeks of the First World War, when the kingdom's monetary system — dependent on the Austro-Hungarian krone circulating alongside the perper — came under immediate strain. The perper had only been introduced in 1906, making this a young currency already under existential pressure.
Montenegro was overrun by Austro-Hungarian forces in early 1916, and the government went into exile. Notes from this issue that survived the occupation did so largely by accident. The series is genuinely scarce in any condition.