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
Siege money did not have ready access to official coinage minted by the civil authorities (see Civil War mints). The issuing of money during sieges is not restricted to that period; for example during the Siege of Khartoum (1884–1885) currency in the form of paper money was issued by Governor-General of the Sudan, British Major-General Charles George Gordon. During the Eighty Years War a number of towns and cities issued their own currency (money of necessity), for example during the siege of Leyden (1574), the authorities issued diamond (square) silver coinage struck with a circular die. When silver ran out they used