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| 背面描述 | The reverse is dominated by a large central vignette of the Montenegrin royal coat of arms — a double-headed eagle surmounted by a crown and bearing a shield on its chest — printed in blue-grey intaglio. The title КРАЉЕВИНА ЦРНАГОРА (Kingdom of Montenegro) is set in bold Cyrillic letterpress above the arms, with the denomination СТО ПЕРПЕРА in large bold type below. The entire field is covered by a fine typographic underprint repeating the words КРАЉЕВИНАЦРНАГОРА in small Cyrillic text, and a penal clause against counterfeiting appears at the foot of the note. |
| 背面铭文 | КРАЉЕВИНА ЦРНАГОРА СТО ПЕРПЕРА Упутница издана на основу закона од 25. јула 1914. Прављење и протурање лажних упутница казниће се по §. §. 145 и 146. кривичног закона. (Translation: KINGDOM OF MONTENEGRO / ONE HUNDRED PERPERA / Order issued under the law of 25 July 1914. / Making and circulating forged orders will be punished under §§ 145 and 146 of the Criminal Code.) |
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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.