Catalog
10 Perpera
| Issuer | Glavna Državna Blagajna (Chief State Treasury) of Montenegro |
|---|---|
| Year | 1914 |
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| Composition | Paper |
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| Obverse description | The obverse is printed in blue on white paper and framed by an elaborate guilloche border with ornamental corner pieces incorporating foliate and figural motifs. A royal coat of arms vignette appears in the upper left corner, with the serial number printed in red at centre-top and the numeral '10' in red at upper right. Central text inscriptions in Cyrillic script state the obligation to pay the bearer, with the denomination in large bold lettering, the date of issue, and the place of issue (Cetinje, 25 July 1914). Two manuscript signatures appear at the bottom, attributed respectively to the Head State Controller and the Minister of Finance. |
|---|---|
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| Reverse lettering | КРАЉЕВИНА ЦРНАГОРА ДЕСЕТ ПЕРПЕРА Упутница издана на основу закона од 25. јула 1914. Прављење и протурање лажних упутница кажниће се по § 145 и 146. кривичног закона. |
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| Comments |
Montenegro's fiscal position by mid-1914 was already precarious — the two Balkan Wars of 1912–13 had drained the treasury badly — and the outbreak of the First World War made outside credit nearly impossible to secure. The Glavna Državna Blagajna issued these notes as emergency treasury obligations rather than proper banknotes, since Montenegro never had a central bank of its own. The perpera, introduced in 1906 at parity with the Austro-Hungarian krone, was always a fragile currency with limited international standing.
Austrian occupation in January 1916 effectively ended the note's useful life, and much of the remaining stock was either destroyed or rendered worthless during the post-war absorption of Montenegro into the Kingdom of Serbs, Croats and Slovenes in 1918.