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
Currency of Uruguay this period, but copper coins of the same design, denomination, and weight as those of 1854–1855 were minted at Lyon, with the date 1857: 5c (0·576 million), 20c (0·576 million), 40c (1·08 million). Doblón de oro = 10 Pesos plata = 1000 Centésimos (1863–1868) Peso = 100 Centésimos The National Currency Decree of 23 June 1862 (with effect from 1 January 1863) made the gold doblón and the silver peso the national currency ("moneda nacional"). It defined the doblón de oro (which replaced the onza de oro) as weighing 16·97 g, 0·917 fine (one gold peso equivalent to 1556·149 mg