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10 Perpera

Issuer Главна Државна Благајна (Royal Treasury of Montenegro)
Year 1914
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Size 145 x 100 mm
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Obverse description The obverse is printed in shades of rose-brown on a fine guilloche underprint filling the entire field. The legend ГЛАВНА ДРЖАВНА БЛАГАЈНА ИСПЛАТИЋЕ ДОНОСИОЦУ ОВЕ УПУТНИЦЕ appears across the upper margin, with the denomination ДЕСЕТ ПЕРПЕРА in large Cyrillic lettering below. A central circular vignette bears the royal arms of Montenegro overprinted with an official stamp. The series and serial number are printed to either side of the central device, with the date and place of issue (Цетиње) at centre, and two manuscript signatures of the President of the Supreme State Control and the Minister of Finance at the foot.
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Reverse description The reverse is printed in rose-brown on a dense guilloche underprint. КРАЉЕВИНА and ЦРНА ГОРА appear in large ornate Cyrillic letters across the upper and middle fields respectively, with the numeral 10 repeated in each corner. A central circular royal arms stamp is overprinted at centre. The inscription УПУТНИЦА ИЗДАНА НА ОСНОВУ ЗАКОНА ОД 25. ЈУЛА 1914. is printed in smaller text at lower centre.
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Comments

Montenegro's Royal Treasury issued this note in 1914 as the kingdom mobilized for the First Balkan War's aftermath and the opening of the broader European conflict. Printing in Cetinje rather than contracting a Western European security printer was a practical necessity — the country had neither the time nor the foreign currency reserves to outsource production by that point. The result is a note produced under genuinely austere conditions, with an official stamp serving as the primary authentication device in place of more sophisticated anti-counterfeiting measures.

Montenegro ceased to exist as an independent state just four years later, absorbed into the Kingdom of Serbs, Croats and Slovenes in 1918.

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