[1] The design and ribbon was also adopted by Belgium, Brazil, Cuba, Czechoslovakia, France, Greece, Italy, Japan, Portugal, Romania, Siam, Union of South Africa and the US in accordance with the decision of the Inter-Allied Peace Conference at Versailles (a Winged Victory).

To qualify for the Victory Medal, recipients, of any rank, had to be mobilised for war service and to have taken part in a battle between 28 August 1916 and 31 March 1921, or to have served as an army medic.

In the hierarchy of the Romanian military and civil awards and decorations from the mid 1930s, the Victory Medal held the very low 33rd place.

The customary hierarchy of the military decorations was (not including those from the Independence War):[6] As well as Romania, a significant number of allied and associated countries involved in the conflict against the Austro-German alliance issued a Victory Medal.

The proposition of such common award was first made by French marshal Ferdinand Foch who was supreme commander of the allied force during the war.