Serbia's Postal Administration stepped in as an emergency currency issuer in 1915 as the country's banking infrastructure collapsed under the combined pressure of the Austro-Hungarian invasion and the devastating typhus epidemic that had already killed tens of thousands earlier that year. These postal notes — sitnice, as the small-denomination fractional pieces were called — were a stopgap measure, never intended as a lasting monetary instrument.
The Kingdom would cease to exist as a functioning state within months of this note's issue, following the catastrophic autumn retreat through Albania. Most of these pieces were lost to that collapse rather than redeemed.
Serbia's Postal Administration stepped in as an emergency currency issuer in 1915 as the country's banking infrastructure collapsed under the combined pressure of the Austro-Hungarian invasion and the devastating typhus epidemic that had already killed tens of thousands earlier that year. These postal notes — sitnice, as the small-denomination fractional pieces were called — were a stopgap measure, never intended as a lasting monetary instrument.
The Kingdom would cease to exist as a functioning state within months of this note's issue, following the catastrophic autumn retreat through Albania. Most of these pieces were lost to that collapse rather than redeemed.