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
Early American currency thereafter, some colonies once again began issuing paper money. When the American Revolutionary War began in 1775, all of the rebel colonies, soon to be independent states, issued paper money to pay for military expenses. The Thirteen Colony set of colonial currency below is from the National Numismatic Collection at the Smithsonian Institution. Examples were selected based on the notability of the signers, followed by issue date and condition. The initial selection criteria for notability was drawn from a list of currency signers who were also known to have signed the United States Declaration of Independence, Articles of Confederation, the