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| Issuer | Glavna Državna Blagajna (Main State Treasury of Montenegro) |
|---|---|
| Year | 1914 |
| Type | Log in to see details |
| Value | 10 Perpera |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Главна Државна Благајна исплатиће доносиоцу ове упутнице ДЕСЕТ ПЕРПЕРА Серија А. Бр. Вриједи за Годину дана. Петиње, 28 јула 1914. Предсједник Главне Државне Контроле Министар Финансија |
| Reverse description | Log in to see details |
| 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.