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, Albania and Yugoslavia and is the current subunit, although rarely used, of the Serbian dinar. As a former Ottoman and Turkish currency, it was 1/40 of a "kuruş", which was, in turn, 1/100 of a Turkish lira. It was also earlier 3 "akçe" The modern Turkish 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
Lithuanian long currency the subject. The currency is known by a great variety of terms and there is no clear consensus among researchers which of them is most appropriate: A silver-based economy developed in the 9th century. Lacking minted coins, Vikings developed bullion-based trading, using hacksilver and ingots. The earliest silver ingots that were used as currency were forged ("kaltiniai lydiniai"). They circulated from the 10th to the early 12th centuries and are very rare in Lithuania. As of 1981, forged ingots were found only seven times within the territory of Lithuania. Archaeologist Duksa identified three sub-types: spiral bracelet, ribbon ingot, and band