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10 Para Emergency Postage Stamp Currency

Issuer Serbia
Year 1915
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Composition Paper
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Obverse lettering 10 П. СРБИЈА КРАЉ ПЕТАР НА БОЈИШТУ 1914.
(Translation: Serbia King Peter on the battlefield 1914.)
Reverse description The reverse is plain white paper, essentially blank aside from remnants of stamp gum visible as a yellowish rectangular residue at center, consistent with this note's origin as a repurposed postage stamp. The perforated edges are intact on all sides.
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Comments

Serbia's 1915 collapse under combined Austro-Hungarian and Bulgarian pressure forced the government into one of the more desperate currency expedients of the First World War. With no time or infrastructure to print orthodox banknotes, existing postage stamps were mounted on small cardboard or paper backing and placed into circulation as fractional currency — a practice Serbia shared with several belligerents during the war, but rarely in such dire military circumstances.

The retreating Serbian army and government crossed Albania on foot that winter. Notes from this issue that survived did so largely outside Serbia itself.

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