Para (currency)

Para (currency)

The para (Cyrillic: пара, from Turkish "para", from Persian "pārah", "piece" [] [] ) was a former currency of the Ottoman Empire, Turkey, Montenegro and Albania, and is the current subunit, although rarely used, of the Serbian dinar.

As a former Ottoman and Turkish currency, it was 1/40th of a kuruş or, earlier, 3 akçe, which was, in turn, 1/100th of a Turkish lira. The Turkish new lira is only divided into kuruş. In Serbia, the "para" has been the subunit of the dinar since the 19th century. The Montenegrin perper was subdivided into 100 "pare" during its brief existence between 1906 and 1918. In Albania, the "para" was used as a currency before the introduction of the Albanian lek in 1926.

In Albanian, Bulgarian, Macedonian, Romanian, Serbian and Turkish, "para" or its plural "pari", "pare", "parale", "paraja" or "paralar" is a generic term for "money".

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