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10 Perpera

Issuer Glavna Državna Blagajna (Main State Treasury) of Montenegro
Year 1914
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In circulation to 1918
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Obverse description Blue-tinted note with an ornate guilloche border enclosing the central text area. A small vignette with a coat of arms appears in the upper left, flanked by decorative foliate cartouches on either side. The serial number is printed at the top centre, with the denomination ДЕСЕТ ПЕРПЕРА in large Cyrillic letterpress at the centre, the date Цетиње, 25. јула 1914 below, and two manuscript signature lines at the lower centre representing the President of the Main State Control and the Minister of Finance.
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Reverse description Reverse printed in blue, with the denomination numeral 10 repeated in each corner within octagonal frames and an elaborate guilloche border. A central vignette shows two confronted eagles beneath a crown, flanked by foliate scrollwork. The issuer name КРАЉЕВИНА ЦРНАГОРА and denomination ДЕСЕТ ПЕРПЕРА appear in bold Cyrillic text, with the legal authority clause and penalty warning for counterfeiting printed in smaller text below.
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Comments

Montenegro's wartime treasury notes of 1914 were printed domestically in Cetinje — an unusual choice, and a logistically constrained one. With the Balkan Wars barely concluded and the First World War opening on Montenegro's doorstep, sourcing foreign printing services was neither practical nor politically straightforward. The Glavna Državna Blagajna had been issuing treasury obligations since 1912, and this series continued that pattern of state-backed paper rather than central bank currency.

Domestic printing meant limited technical sophistication in the security features, and contemporary counterfeiting was a known concern with the series.