Catalog
50 Perpera
| Issuer | Glavna Državna Blagajna (Main State Treasury) of Montenegro |
|---|---|
| Year | 1912 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | Нека Главна Државна Благајна исплати доносиоцу ове упутнице ПЕДЕСЕТ ПЕРПЕРА Серија А Цетиње, 1 октобра 1912. |
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| Variants | P#5a - issued note P#5b - punch hole cancelled |
| Comments |
Montenegro's 50 Perpera of 1912 is notable for being printed domestically at the Tucović press in Cetinje — a deliberate political choice for a small, fiercely independent principality that had only become a kingdom in August 1910. Contracting the work locally rather than sending plates to Vienna, Paris, or London was a statement as much as a logistical decision.
The perpera itself had replaced the groš-based system in 1906 and was pegged to the Austro-Hungarian krone at parity, though Montenegro had no central bank — the Main State Treasury handled issue directly. This note appeared just as the First Balkan War was beginning, and wartime pressures on the treasury were immediate.