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| Issuer | Glavna Državna Blagajna (General State Treasury) of Montenegro |
|---|---|
| Year | 1914 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in salmon-red on cream paper, the obverse is framed by an elaborate letterpress border incorporating oval medallions with classical portrait heads at the corners and allegorical figures at the sides. The upper portion of the border carries a central vignette of the caduceus flanked by two putti, while the lower border presents a pastoral scene with two seated female allegories and a central oval vignette of a ploughman with oxen. The denomination "50" appears in large dark-green numerals at left and right within the border, with the payment obligation text and the large Cyrillic legend ПЕДЕСЕТ ПЕРПЕРА in bold letterpress at centre, above the issue date "Цетиње, 25. јула 1914" and two manuscript signatures. |
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| Reverse lettering | КРАЉЕВИНА ЦРНА ГОРА ПЕДЕСЕТ ПЕРПЕРА Упутница издана на основу закона од 25. јула 1914. Прављење и протурање лажних упутница казниће се по §§. 145 и 146 кривичног закона (Translation: THE KINGDOM OF MONTENEGRO FIFTY PERPER Referral issued under the law of 25 July 1914. Making and circulating false orders will be punished under §§ 145 and 146 of the Criminal Code) |
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| Comments |
Montenegro's entry into the First World War in August 1914 forced the Glavna Državna Blagajna to issue paper currency at a scale the small kingdom had never attempted. The perpera, pegged to the Austro-Hungarian krone at parity, was already a relatively young monetary unit — established only in 1906 — and the 50 perpera note represented the highest denomination in this emergency wartime series.
The thin paper substrate is a known vulnerability of the P#20. Notes that survived the occupation period, during which Austro-Hungarian forces overran Montenegro in January 1916, frequently show fold fatigue and brittleness along crease lines.