The perper was the currency of Montenegro

Montenegro

Montenegro Montenegrin: Crna Gora Црна Гора , meaning "Black Mountain") is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west and is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast and Albania to the...

 between 1906 and 1918. The name was adopted in accordance to the earlier Serbian perper

Serbian perper

The Perper was an alternative name of the currency used in Serbia under Emperor Dušan. Its name comes from the Byzantine coin hyperpyron. Actual name of this currency was golden dinars of Emperor Dušan....

, the currency of the Serbian Empire

Serbian Empire

The Serbian Empire was a short-lived medieval empire in the Balkans that emerged from the Serbian Kingdom. Stephen Uroš IV Dušan was crowned Emperor of Serbs and Greeks on 16 April, 1346, a title signifying a successorship to the Eastern Roman Empire...

, which the Princedom, later Kingdom of Montenegro

Kingdom of Montenegro

The Kingdom of Montenegro was a monarchy in southeastern Europe during the tumultuous years on the Balkan Peninsula leading up to and during World War I. Legally it was a constitutional monarchy, but absolutist in practice...

, consider itself a successor. It was divided into 100 pare (singular para, Serbian: паре, пара) and was equivalent to the French franc

French franc

The franc was a currency of France. Along with the Spanish peseta, it was also a de facto currency used in Andorra . Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money...

 as part of the Latin Monetary Union

Latin Monetary Union

The Latin Monetary Union was a 19th century attempt to unify several European currencies, at a time when most circulating coins were still made of gold and silver...

. The perper was replaced by the dinar

Yugoslav dinar

The dinar was the currency of the three Yugoslav states: the Kingdom of Yugoslavia , the Socialist Federal Republic of Yugoslavia and the Federal Republic of Yugoslavia between 1918 and 2003. The dinar was subdivided into 100 para...

 when Montenegro became part of the Kingdom of the Serbs, Croats and Slovenes (later Yugoslavia

Yugoslavia

Yugoslavia refers to three political entities that existed successively on the western part of the Balkans during most of the 20th century....

).

At the end of the 20th century, Montenegro contemplated issuing the perper again. However, it decided to adopt the German mark

German mark

The Deutsche Mark |mark]], abbreviated "DM") was the official currency of West Germany and Germany until the adoption of the euro in 2002. It is commonly called the "Deutschmark" in English but not in German. Germans often say "Mark" or "D-Mark"...

 instead, and later followed the change to the euro

Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

.

Coins

In 1906, coins were issued in denominations of 1, 2, 10 and 20 pare. The 1 and 2 pare were bronze, the 10 and 20 pare were nickel. In 1909, silver 1 and 5 perpera coins were added, followed by 2 perpera in 1910. Gold 10 and 20 perpera were also issued in 1910, along with very limited numbers of 100 perpera coins.

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 Austria

Austria

Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...

n 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.