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| Issuer | Glavna Državna Blagajna (Main State Treasury of Montenegro) |
|---|---|
| Year | 1914 |
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| Shape | Rectangular |
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| Obverse description | The obverse is printed in shades of rose and dark red on plain paper, with the denomination numeral 10 repeated in each corner. The upper portion carries the issuing authority legend in Cyrillic followed by the large heading ДЕСЕТ ПЕРПЕРА, with series and number designations at mid-level flanking a central circular guilloche vignette bearing an ornate stamp impression. The date Петиње, 28 јула 1914 appears below the central vignette, with two manuscript signature lines captioned Предсједник Главне Државне Контроле and Министар Финансија respectively. |
|---|---|
| Obverse lettering | Главна Државна Благајна исплатиће доносиоцу ове упутнице ДЕСЕТ ПЕРПЕРА Серија А. Бр. Вриједи за Годину дана. Петиње, 28 јула 1914. Предсједник Главне Државне Контроле Министар Финансија |
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| Comments |
Montenegro's 1914 note issue was driven by the immediate fiscal pressure of the First Balkan War's aftermath and the opening of the First World War — the Montenegrin state had no central bank, so the Main State Treasury issued currency directly. These perpera notes circulated alongside Serbian dinars and Austro-Hungarian crowns in a small kingdom whose monetary infrastructure was never fully independent in practice.
Austria-Hungary occupied Montenegro in January 1916, after which these notes were suppressed. Surviving examples in any condition above heavy wear are genuinely uncommon given the brevity of the issue period and the disruptions that followed.