Para (currency)

The Para ( on the Turkish para "money" from the Persian پاره / Pare /, piece ') is a former Ottoman / Turkish currency unit, which was later used in Yugoslavia and to this day is the subunit of the Serbian Dinar.

Turkish Para

The Para was introduced ( 1623-1640 ) in the Ottoman Empire during the reign of Murad IV. 40 Para corresponded to a Kurus ( piastres ). The Para replaced the older akçe gradually as the most important unit of coinage (3 akçe = 1 Para).

First passed the Para- pieces of silver, but due to inflation their silver content fell steadily until they were in the 19th century only of copper and eventually disappeared from circulation. Multiple sections (5, 10, 20 and 40 Para) remained in use until the 20th century, and even after the proclamation of the Turkish Republic of pieces were 100 Para ( 2 ½ Kurus, 1921-1928 ) and 10 Para ( ¼ Kurus, 1940 - 42) coined.

The parameters in Serbia, Montenegro and Yugoslavia

Influenced by the Ottoman rule in the Balkans was the 1868, introduced Serbian Dinar into 100 para (Cyrillic: пара ) divided, as the Montenegrin Perper 1906 after the unification of Yugoslavia, this division was adopted for the 1920 newly created Yugoslav dinar. . Inflation made ​​the Para meantime meaningless, but currency reforms ( one in 1966, a total of five during the 1990s ) fit the value of the currency again. After the Yugoslav dinar was replaced already in all the other successor states of Yugoslavia national currencies it replaced in 2003 and Serbia by the Serbian Dinar. This is further divided into 100 officially Para, but no coins were stamped with this face, and has been set since the Yugoslavian 50 Para- piece on 1 January 2008 except course, there are no para- circulation coins more.

• Currency subunit