The monument to the heroes of the Battle of Mojkovac was erected in Mojkovac in 1966 in honor of the 50th anniversary of the battle. The monument represents artistic achievement of sculptor Drago Đurović and architect Mirko Đukić. On Christmas Day 1916, the Montenegrin army defeated stronger Austro-Hungarian army. The heroes of Mojkovac became a symbol of suffering and heroism.

Petar II Petrović Njegoš (1813-1851), known as Prince-Bishop Rade (born Rade Tomov Petrović), was a Montenegrin poet and philosopher. His literary works are among the most significant works of Montenegrin literature. Njegoš was educated in several monasteries and became the spiritual and political leader of the country after the death of his uncle Peter I. Njegoš is well known for his epic poem "Gorski vijenac" whose quotes are often engraved on gusle instrument.

Wild goats are animals of mountain habitats. They are known as very agile, able to climb bare rocks and survive in sparse vegetation enviornment. Goats are considered wise and intelligent animals with well developed senses. It is assumed that goats were among the first animals domesticated by man. The motif of the goat on gusle instrument is a symbol of the pastoral way of life.