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5 Perpera Austro-Hungarian Occupation in WWI - Army Administration

Issuer Imperial and Royal Military General Governor of Montenegro (K.u.K. Militär-Generalgouvernement)
Year 1917
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Value 5 Perpera
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Reverse description The reverse carries parallel text in Serbian (Cyrillic and Latin script) and Albanian, explaining the terms of exchange and the legal tender obligations applicable to this warrant note. The text specifies the redemption value of two zvečeća perpera and fifty zvečećih para, or two krune and fifty hellera, as established by the Supreme Military Commander's order. The layout is strictly typographic with no decorative elements, consistent with utilitarian wartime issue practice.
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Protection type Watermark
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Comments

Montenegro fell to Austro-Hungarian forces in January 1916, and the K.u.K. Militär-Generalgouvernement moved quickly to assert administrative control — including monetary control. The Perpera had been the currency of the Kingdom of Montenegro since 1906, and the occupying authority chose to retain the denomination rather than impose the Krone outright, a calculated decision to reduce friction with the local population.

The M150 series was produced for internal occupation use and circulated alongside requisition notes from the same administration. Surviving examples in any grade are considerably scarcer than their Serbian occupation counterparts from the same period.

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