The para was a former currency of the Ottoman Empire

Ottoman Empire

The Ottoman EmpireIt was usually referred to as the "Ottoman Empire", the "Turkish Empire", the "Ottoman Caliphate" or more commonly "Turkey" by its contemporaries...

, Turkey

Turkey

Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...

, Montenegro

Montenegro

Montenegro Montenegrin: Crna Gora Црна Гора , meaning "Black Mountain") is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west and is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast and Albania to the...

 and Albania

Albania

Albania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...

, and is the current subunit, although rarely used, of the Serbia

Serbia

Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...

n dinar

Serbian dinar

The dinar is the currency of Serbia. An earlier currency also called dinar was used in Serbia between 1868 and 1918. The earliest use of the dinar date to 1214. Today's Serbian dinar is a continuation of the last Yugoslav dinar...

.

As a former Ottoman and Turkish currency, it was 1/40th of a kuruş

Kurus

Kuruş is a Turkish currency subunit. Since 2005, one new Turkish lira is equal to 100 kuruş. The kuruş was also the standard unit of currency in the Ottoman Empire until 1844, and from that date until the late 1970s was a subdivision of the former lira. It was subdivided into 40 para , each of...

or, earlier, 3 akçe

Akçe

thumb|250px|AkçeA silver coin, the akçe was the chief monetary unit of the Ottoman Empire. The word "akçe" is derived from the Greek "" , the name of a Byzantine silver or billon coin, current in the region that eventually became the Ottoman Empire. The akçe is hence often called asper in English...

, which was, in turn, 1/100th of a Turkish lira

Turkish lira

The Turkish lira is the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus. The lira is subdivided into 100 kuruş...

. The modern Turkish lira

Turkish lira

The Turkish lira is the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus. The lira is subdivided into 100 kuruş...

 is only divided into kuruş. In Serbia, the para has been the subunit of the dinar since the 19th century. The Montenegrin perper

Montenegrin Perper

The perper was the currency of Montenegro between 1906 and 1918. The name was adopted in accordance to the earlier Serbian perper, the currency of the Serbian Empire, which the Princedom, later Kingdom of Montenegro, consider itself a successor...

 was subdivided into 100 pare during its brief existence between 1906 and 1918. In Albania, the para was used as a currency before the introduction of the Albanian lek

Albanian lek

The lek is the official currency of Albania. It is subdivided into 100 qindarka , although qindarka are no longer issued.-Names:...

 in 1926.

In Albanian

Albanian language

Albanian is an Indo-European language spoken by approximately 7.6 million people, primarily in Albania and Kosovo but also in other areas of the Balkans in which there is an Albanian population, including western Macedonia, southern Montenegro, southern Serbia and northwestern Greece...

, Greek

Greek language

Greek is an independent branch of the Indo-European family of languages. Native to the southern Balkans, it has the longest documented history of any Indo-European language, spanning 34 centuries of written records. Its writing system has been the Greek alphabet for the majority of its history;...

, Bulgarian

Bulgarian language

Bulgarian is an Indo-European language, a member of the Slavic linguistic group.Bulgarian, along with the closely related Macedonian language, demonstrates several linguistic characteristics that set it apart from all other Slavic languages such as the elimination of case declension, the...

, Macedonian

Macedonian language

Macedonian is a South Slavic language spoken as a first language by approximately 2–3 million people principally in the region of Macedonia but also in the Macedonian diaspora...

, Romanian

Romanian language

Romanian Romanian Romanian (or Daco-Romanian; obsolete spellings Rumanian, Roumanian; self-designation: română, limba română ("the Romanian language") or românește (lit. "in Romanian") is a Romance language spoken by around 24 to 28 million people, primarily in Romania and Moldova...

, Serbian

Serbian language

Serbian is a form of Serbo-Croatian, a South Slavic language, spoken by Serbs in Serbia, Bosnia and Herzegovina, Montenegro, Croatia and neighbouring countries....

 and Turkish

Turkish language

Turkish is a language spoken as a native language by over 83 million people worldwide, making it the most commonly spoken of the Turkic languages. Its speakers are located predominantly in Turkey and Northern Cyprus with smaller groups in Iraq, Greece, Bulgaria, the Republic of Macedonia, Kosovo,...

, para or its plural παράδες, pari, pare, parale, paraja or paralar is a generic term for "money

Money

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past,...

".