Para (currency unit)
The Para (via the Turkish para “money” from Persianپاره/ pāre / 'piece') is a former Ottoman / Turkish currency unit, which was later used in Yugoslavia and is still the sub-unit of the Serbian dinar to this day .
Turkish para
The Para was introduced in the Ottoman Empire during the reign of Murad IV (1623-1640). 40 para corresponded to one kurus ( piaster ). The Para gradually replaced the older Akçe (3 Akçe = 1 Para) as the most important unit of small coins.
Initially, the Para pieces were made of silver, but due to inflation their silver content steadily decreased until they were only made of copper in the 19th century and finally disappeared completely from circulation. Multiple pieces (5, 10, 20 and 40 Para) remained in use until the 20th century, and even after the proclamation of the Turkish Republic, pieces of 100 Para (2½ Kuruş, 1921–1928) and 10 Para (¼ Kuruş, 1940– 42) coined.
The Diwano in Abessionien
The Diwano (also Divano) was the name of the Egyptian Para in Abyssinia . as a fraction of the gold pen .
At the end of the 19th century , a Diwano was worth about 1/800 Austrian Convention Speciestaler , i.e. about 3/8 pfennigs .
The Para in Serbia, Montenegro and Yugoslavia
Influenced by the Ottoman rule in the Balkans, the Serbian dinar introduced in 1868 was subdivided into 100 Para (Cyrillic: пара), as was the Montenegrin Perper from 1906. After the unification of Yugoslavia, this division was adopted for the Yugoslav dinar created in 1920 . Inflation made the para, abbreviated p , meaningless for a while, but currency reforms (one in 1966, five in total during the 1990s) readjusted the value of the currency. After the Yugoslav dinar had already been replaced by national currencies in all other successor states of Yugoslavia, Serbia also replaced it with the Serbian dinar in 2003 . This is still officially divided into 100 Para, but no more coins with this denomination have been minted, and since the Yugoslav 50 Para piece was suspended on January 1, 2008, there have been no Para coins in circulation.