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15 Para

Issuer Kingdom of Serbia
Year 1915
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Shape Rectangular
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Obverse description Steel-blue engraved vignette occupying the central field, showing King Peter I of Serbia seated on the ground among soldiers on a battlefield landscape, rendered in fine line-engraved style. The denomination "15 п." appears in the upper left, with the country name "СРБИЈА" in Cyrillic capitals at the upper right. The lower margin bears the inscription "КРАЉ ПЕТАР НА БОЈИШТУ 1914." in Cyrillic lettering, with a perforated border framing the entire design.
Obverse lettering 15 п.
СРБИЈА
КРАЉ ПЕТАР НА БОЈИШТУ 1914.
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Comments

Serbia's 1915 emergency issues were produced under extraordinary pressure — by late 1914 and into 1915, the Serbian government was dealing with two Austro-Hungarian invasions, catastrophic casualties, and a treasury stretched to collapse. The 15 Para denomination is an unusually small fractional value for a national emission, reflecting the acute shortage of hard coin rather than any banking policy decision.

The government was forced into exile later in 1915 following the joint Central Powers offensive; notes from this period that survived did so largely outside Serbia itself, carried by refugees or troops during the Albanian retreat.