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50 Perpera
| Issuer | Glavna Državna Blagajna (Main State Treasury of Montenegro) |
|---|---|
| Year | 1914 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | 1916 |
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| Obverse description | Typeset letterpress note printed in red on white paper, with an ornate oval guilloche border enclosing the central text block. The denomination numeral '50' appears in large bold type at both left and right flanks, while the value in Cyrillic, 'ПЕДЕСЕТ ПЕРПЕРА', runs across the centre; two putti occupy the upper portion of the guilloche frame, with small allegorical vignettes in the lower corners. Two manuscript signatures appear at the foot of the note, representing the President of the Main State Treasury and the Minister of Finance, with an official circular seal affixed between them. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in deep red on white paper in a plain typeset layout, the reverse centres on the royal arms of Montenegro — a crowned double-headed eagle bearing a shield — as the primary vignette. The denomination '50' is repeated in each corner, and a continuous microtext border repeating 'КРАЉЕВИНАЦРНАГОРА' runs along all four margins as a rudimentary security device. Cyrillic inscriptions above and below the arms identify the issuing authority, cite the authorising law of 25 July 1914, and carry a statutory forgery warning referencing §§ 145 and 146 of the criminal code. |
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| Comments |
Montenegro issued its own paper currency only briefly, and the 1914 series came at the worst possible moment — the kingdom was already at war, and within two years Austrian occupation had rendered these notes functionally worthless. The Glavna Državna Blagajna had no central bank infrastructure behind it; the treasury issued directly, a measure of both the country's limited financial apparatus and the urgency of wartime fiscal needs.
Printed locally in Cetinje rather than contracted abroad — unusual for a small state of this period, most of which relied on Vienna, Paris, or London printers — the production quality reflects what was available on short notice in a mountain capital under pressure.