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2 Perpera

Issuer Glavna Državna Blagajna (Main State Treasury) of Montenegro
Year 1914-1915
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Currency Perper (1906-1918)
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Obverse description The obverse is printed in dark red and blue on pale paper, dominated by a large central oval guilloche border enclosing the Cyrillic denomination ДВА ПЕРПЕРА in bold blue letterpress, flanked by numeral 2 medallions at left and right. Above the oval, a vignette of scales of justice, an anchor, and serpents is set within elaborate scrollwork, with two ribbon cartouches inscribed КРАЉЕВИНА ЦРНА ГОРА at the upper corners. A payment obligation text in Cyrillic appears above the denomination, and two manuscript signatures below, with serial number and series references printed in blue at upper and lower margins. A lower cartouche bears the issue date and validity clause, Цетиње, 25 јула 1914.
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Reverse lettering КРАЉЕВИНА ЦРНА ГОРА
ДВА ПЕРПЕРА
Упутница издана на основу закона од 25. јула 1914.
Прављење и протурање лажних упутница казниће се по §. §. 145 и 146. кривичног закона.
(Translation: THE KINGDOM OF MONTENEGRO / TWO PERPERA / Note issued on the basis of the law of 25 July 1914. / The making and passing of counterfeit notes shall be punished under §§ 145 and 146 of the Criminal Code.)
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Comments

Montenegro's treasury notes of 1914–1915 were a wartime improvisation. When the Kingdom entered the First World War alongside Serbia, the existing monetary infrastructure collapsed almost immediately under military strain, and the Glavna Državna Blagajna issued these notes as a direct substitute for coin — silver perpera had effectively vanished from circulation through hoarding.

Over twelve million printed for a country with a population under half a million. That ratio tells you more about the inflation pressure and reissue cycles than any condition report could.

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