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| 正面铭文 | Главна Државна Благајна исплатиће доносиоцу ове упутнице ПЕДЕСЕТ ПЕРПЕРА (serial number) ПЕДЕСЕТ ПЕРПЕРА Вриједи за годину дана. Цетиње, 25. јула 1914. Предсједник Главне Државне Контроле, (signature) Министар финансија, (signature) (Translation: The General Treasury will pay the bearer of this order FIFTY PERPER (serial number) FIFTY PERPER Valid for one year. Cetinje, 25th July 1914. President of the Main State Controls, (signature) Minister of Finance, (signature)) |
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| 防伪类型 | Guilloche underprint |
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Montenegro's entry into the First World War in August 1914 forced the Glavna Državna Blagajna to issue paper currency at a scale the small kingdom had never attempted. The perpera, pegged to the Austro-Hungarian krone at parity, was already a relatively young monetary unit — established only in 1906 — and the 50 perpera note represented the highest denomination in this emergency wartime series.
The thin paper substrate is a known vulnerability of the P#20. Notes that survived the occupation period, during which Austro-Hungarian forces overran Montenegro in January 1916, frequently show fold fatigue and brittleness along crease lines.