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| Issuer | Glavna Državna Blagajna (Main State Treasury) of Montenegro |
|---|---|
| Year | 1912 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Нека Главна Државна Благајна исплати доносиоцу ове упутнице СТОТИНУ ПЕРПЕРА Серија А Цетиње 1. октобра 1912. |
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| Reverse lettering | Нека Главна Државна Благајна исплати доносиоцу ове упутнице СТОТИНУ ПЕРПЕРА Серија А Цетиње 1. октобра 1912. |
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| Comments |
Montenegro's Glavna Državna Blagajna issued this note in 1912, the same year the country entered the First Balkan War against the Ottoman Empire. The fiscal pressure of mobilization was almost certainly a driver behind the issue — the treasury needed circulating paper instruments, and the 100 Perpera represented the series' highest denomination.
Printed domestically in Cetinje, the Montenegrin capital, rather than contracted to a Western European security printer as many small states did at the time. That domestic production kept costs down but left the notes more vulnerable to forgery than comparable issues from Bradbury Wilkinson or similar houses.