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5 Perpera
| Issuer | Glavna Državna Blagajna (Main State Treasury) of Montenegro |
|---|---|
| Year | 1914 |
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| Size | 125 x 85 mm |
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| Obverse description | Blue-grey note with the central arms of Montenegro — a crowned double-headed eagle — serving as the principal vignette, surrounded by fine guilloche underprint with the denomination numeral 5 repeated in each corner. The header inscription in Cyrillic reads that the Main State Treasury will pay the bearer, with the large denomination title ПЕТ ПЕРПЕРА in bold letterpress above the arms. Series letter and serial number appear in the upper field, with date Цетиње, 25. јула 1914 and two manuscript signatures of the President of the Main State Control and the Minister of Finance below. |
|---|---|
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| Reverse lettering | КРАЉЕВИНА ЦРНА ГОРА ПЕТ ПЕРПЕРА Упутница издана на основу закона од 25. јула 1914. |
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| Comments |
Montenegro printed its own currency domestically — an unusual arrangement for a small Balkan state in this period, when most comparable governments contracted work to established European security printers. The Glavna Državna Blagajna had been issuing perpera notes since 1912, and this 1914 issue appeared as the country was about to be consumed by the First World War. Within two years, Austro-Hungarian occupation forces had effectively ended the Montenegrin state apparatus entirely.
Domestic printing at Cetinje meant limited technical resources, and the perpera notes from this series are known for uneven ink distribution and inconsistent sheet registration.