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The City Park is located in front of the Town Hall. The town was named after the King Peter the First Karadjordjevic Mrkonjic whose monument is situated in this park. During Ottoman Empire the town was called Varcar Vakuf which was changed to Mrkonjic Grad in 1925. In addition, in a City Park there are also two busts of National Heroes from World War II Pavle Dzever and Milja Djukanovic.