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
Europa (currency) Europa (currency) The europa was a token coinage created in 1928 by Joseph Archer, a politician and industrialist from the Nièvre region of France. The currency was promoted by Philibert Besson, the elected deputy for the Haute-Loire who, along with Archer, was an important figure in the early European federalist movement. The coins were minted in the name of a hypothetical "Federated States of Europe" ("États Fédérés d'Europe"). Unlike contemporary currencies that were based on the gold standard, the europa derived its notional value from labour. The currency never circulated except unofficially between federalists of the Nièvre region. Two denominations