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10 Perpera

Issuer Glavna Državna Blagajna (Main State Treasury) of Montenegro
Year 1914
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Currency Perper (1906-1918)
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Obverse lettering ДЕСЕТ ПЕРПЕРА
Главна Државна Благајна исплатиће доносиоцу ове упутнице Десет Перпера
Вриједи за годину дана.
Цетиње, 25. јула 1914.
Председник Главне Државне Канцеларије
Министар финансија
(Translation: TEN PERPER / The Main State Treasury will pay to the bearer of this order note Ten Perper / Valid for one year. / Cetinje, 25 July 1914. / President of the Main State Inspectorate / Minister of Finance)
Reverse description Printed in pale blue-grey on white paper, the reverse is framed by a dense guilloche border with the numeral '10' repeated in each of the four corners. The upper central area carries the heading 'КРАЉЕВИНА ЦРНА ГОРА' in bold Cyrillic capitals, below which the denomination 'ДЕСЕТ ПЕРПЕРА' appears in large type. A lightly printed state eagle underprint occupies the centre. Two lines of smaller text cite the legal basis of issue and a warning against counterfeiting referencing articles 145 and 146 of the criminal code.
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Comments

Montenegro's 1914 mobilization left the government desperately short of hard currency. The Glavna Državna Blagajna issued this series not through a central bank — Montenegro had none — but directly through the state treasury, an arrangement that blurred the line between fiscal note and banknote in ways that would complicate post-war redemption claims when the country was absorbed into Yugoslavia in 1918.

The print run of over twelve million was substantial for a nation with a population under 300,000. Much of that volume was intended to fund wartime expenditure rather than ordinary commerce, and a significant portion never returned through normal redemption channels.

M. Dival's engraver credit appears in the plate margins — a name associated with Serbian printing contracts of the period, though the precise press responsible for this issue has not been firmly established in the literature.

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