Montenegrin Perper - Banknotes

Banknotes

Banknotes were issued in 1912 by the treasury in denominations of 1, 2, 5, 10, 50 and 100 perpera. In 1914, the government issued three series on notes, in denominations of 1, 2, 5, 10, 20, 50 and 100 perpera. During the Austrian occupation, government notes of the second and third series were overprinted by the military government district commands. In 1917, the Austrian army issued convertible vouchers denominated in perpera, perpera coins (Münzperper) and Kronen, with 2 perpera = 1 coin perper = 1 Krone.

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