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The Peace Party is a political party of Molvania.

The Peace Party formed in opposition to Molvanian Prime Minister V.B. Tzoric and his Rzelic Party, who had ruled over Molvania since 1983 A.D. In 1989, the Peace Party was successful in its attempts to ouster them from power. The Peace Party promptly declared war on Poland and Slovakia once it took power, which eventually resulted in a truce some time later. The war brought on by the Peace Party had caused a steep economic decline to Molvania however, resulting in the Thirteen Year Strike, when factory workers went on strike for 4745 consecutive days when management attempted to cut holiday bonuses.