Romania’s first stamps were issued in 1865. A three-stamp set showed the profile of Prince Alexandru Ioan Cuza, ruler of Moldavia and Walachia, principalities from which Romania was formed. He was deposed a year later, to be replaced by Prince Carol I. By 1881, Romania was a monarchy under King Carol. Romania was fought over and occupied by three countries over many years and this is shown in its postal history. During World War I, Austria, Bulgaria, and Germany all issued occupation stamps for Romania. Austria’s occupation issues featured King Karl of Austria. Bulgaria’s stamps were overprinted with the dates 1916-17. German occupation stamps were overprinted with M.V.i.R., standing for Military Administration of Romania.