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10 Perpera

Issuer Glavna Državna Blagajna (Main State Treasury of Montenegro)
Year 1914
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Composition Paper
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Reverse description The reverse is printed in the same rose-red tonal palette, with the denomination numeral 10 placed in each corner within ornamental frames. The word КРАЉЕВИНА is set across the top in large Cyrillic capitals, with ЦРНА and ГОРА flanking the central vignette at mid-height, together reading КРАЉЕВИНА ЦРНА ГОРА. A central circular guilloche medallion with the royal coat of arms bears a dark overprint reading ДЕСЕТ ПЕРПЕРА. Below the vignette a two-line text references the legal basis of issue.
Reverse lettering КРАЉЕВИНА
ЦРНА ГОРА
ДЕСЕТ ПЕРПЕРА
Упутница издана
на основу закона од 25. јула 1914.
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Comments

Montenegro's 1914 note issue was driven by the immediate fiscal pressure of the First Balkan War's aftermath and the opening of the First World War — the Montenegrin state had no central bank, so the Main State Treasury issued currency directly. These perpera notes circulated alongside Serbian dinars and Austro-Hungarian crowns in a small kingdom whose monetary infrastructure was never fully independent in practice.

Austria-Hungary occupied Montenegro in January 1916, after which these notes were suppressed. Surviving examples in any condition above heavy wear are genuinely uncommon given the brevity of the issue period and the disruptions that followed.

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