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
Phoenix (currency) phoenixes were minted at the National Mint of Aegina, which continued to operate until 1833. Coincidentally, Aegina is where the first ancient and modern Greek coins were minted – the staters of Aegina were minted in around 700 BC and were the first to circulate in the Ancient Greek world. Only a small number of coins were minted, estimated to just under twelve thousand and most transactions in Greece continued to be carried in foreign currency at a rate fixed by the newly established Committee of Economy. Lacking precious metals to mint more coins, the government in 1831 issued an