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| 表面の説明 | The obverse bears the full text of the treasury order in Cyrillic script, stating that the General State Treasury will pay the bearer one hundred perpera, valid for one year from the date of issue. The denomination СТО ПЕРПЕРА appears twice in bold letterpress, with the place and date of issue — Cetinje, 25 July 1914 — printed in the lower portion alongside two manuscript signature lines for the President of the General State Control and the Minister of Finance. |
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| 表面の銘文 | Главна Државна Благајна исплатиће доносиоцу ове упутнице СТО ПЕРПЕРА СТО ПЕРПЕРА Вриједи за годину дана Цетиње, 25. јула 1914. Предсједник Главне Државне Контроле, Министар финансија, (Translation: The General State Treasury will pay the bearer of this order ONE HUNDRED PERPERA ONE HUNDRED PERPERA Valid for one year Cetinje, 25th July 1914. President of the General State Control, Minister of Finance,) |
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Montenegro's Glavna Državna Blagajna issued this note in 1914 as the kingdom mobilized for what would become its final years of independent existence. The General State Treasury was not a central bank in any modern sense — it was a state cashier's office, and these notes were fiscal instruments of a government with extremely limited hard currency reserves and no domestic printing industry to speak of.
The series was printed abroad, almost certainly in Vienna or a comparable European facility, though attribution remains disputed among specialists. Montenegro was overrun by Austro-Hungarian forces in early 1916, and the perpera as a currency effectively ceased with the kingdom's absorption into Yugoslavia after the war. Notes from this issue survived largely because occupation and political collapse interrupted normal redemption.