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5 Perper = 2,50 Münzperper (Kronen / Kruna / Koronë)

Issuer K.u.K. Militärverwaltung in Montenegro
Year 1917
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Size 120 x 85 mm
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Obverse lettering ANWEISUNG
auf
FÜNF PERPER
K.u.K. MILITÄRVERWALTUNG IN MONTENEGRO
ZWEI MÜNZPERPER FÜNFZIG PARA IN MÜNZEN
oder
ZWEI KRONEN FÜNFZIG HELLER
Cetinje, am 5. Juli 1917.
Der K. u. K. Militär-General-Gouverneur
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Reverse lettering UPUTNICA
NA PET PERPERA
c. i kr. Vojne Uprave u Crnoj Gori
DVA ZVEČIĆA PERPERA I PEDESET ZVEČIĆA PARA ILI DVIJE KRUNE I PEDESET HELERA
Cetinje, 5. jula 1917.
C. i kr. voj. generalni guverner
VALIA
PERMI PESË PERPERA
P. e. M. t'ushtrisë në Mal-Zië
DY PERPERA E PESDHET PARE T'PREEMA SE DY KORONA E PESDHET HELERA
Cetinje, 5. Juli 1917.
P. e. M. general guverneri e ushtrisë
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Comments

The K.u.K. Militärverwaltung in Montenegro issued this note as part of the Austro-Hungarian military occupation administration following Montenegro's capitulation in January 1916 — one of the faster collapses of the war, King Nikola fleeing to Italy within weeks of the offensive beginning. The dual denomination is not an error or a bilingual courtesy: the Perper was Montenegro's pre-war currency, and the Krone equivalency was imposed to integrate the occupied territory into the Habsburg monetary system, fixing the exchange at two Perper to one Krone.

The series circulated under military authority rather than any banking institution, which is why no issuing bank appears on the note.

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