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| 表面の説明 | Brown on pale ground, the central field carries the large Cyrillic denomination inscription ДВАДЕСЕТ ПЕРПЕРА flanked by elaborate foliate and scrollwork side vignettes with ornamental cartouches. The royal coat of arms of Montenegro appears in the upper-left vignette, while the denomination numeral 20 is set within a plain framed panel at upper right. Serial number and date Cetinje, 25. jula 1914 appear in the central text block above two manuscript signature lines for the President of the State Control and the Minister of Finance, with serial prefix and number repeated in the lower corners. |
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| 表面の銘文 | ログイン して詳細を見る |
| 裏面の説明 | Brown guilloche-patterned reverse with the denomination numeral 20 repeated in each of the four corners within plain framed panels. The heading КРАЉЕВИНА ЦРНАГОРА is inscribed at the top centre, below which the central vignette shows a crowned double-headed eagle, with the large Cyrillic text ДВАДЕСЕТ ПЕРПЕРА beneath it. A two-line legal clause and a penalty warning for counterfeiting appear in smaller text in the lower portion of the note. |
| 裏面の銘文 | ログイン して詳細を見る |
| 署名 | ログイン して詳細を見る |
| 偽造防止技術 | ログイン して詳細を見る |
| 偽造防止の説明 | ログイン して詳細を見る |
| バリエーション | ログイン して詳細を見る |
| コメント |
Montenegro's State Treasury issued this note in 1914 under genuinely desperate conditions — the country had been continuously at war since 1912, first in the Balkan Wars and then sliding directly into the First World War. The Treasury, not a central bank, was responsible for emission precisely because Montenegro lacked one. These notes were a fiscal improvisation, backed by little beyond the government's stated authority.
The 1914 series was printed in Serbia before the Austrian occupation severed that option entirely. By late 1915, Montenegro was overrun, and unredeemed treasury notes became effectively worthless overnight.