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 (Newark) to introduce a "Newark Siege Pound" as a form of local currency they believe would benefit the local economy. Attribution: Siege money (Newark) Siege money or money of necessity was minted in Newark-on-Trent in 1646 during the third and final siege (1645–1646) — the last year of the First English Civil War. To meet need for money, the besieged Royalists set up a mint that manufactured lozenge-shaped coins — half-crowns, shillings, ninepences, and sixpences. Royalist noblemen and gentlemen freely gave their flagons and drinking cups, and these were fashioned into the lozenge-shaped coins. On some of them it is possible