The para (, from Persian , pâre, 'piece'; Cyrillic: пара) was a former currency of the Ottoman Empire, Turkey, Egypt, Montenegro, Albania and Yugoslavia and is the current subunit, although rarely used, of the Serbian dinar. In 1524, the Ottoman law code of Egypt (kanunname) referred to the Mamluk Egyptian coin medin as pare and set its value as dirham. Since 1640 the value of para was settled relative to Ottoman currency, at 3 akçe. In the 16th and 17th centuries pare were minted in many parts of the empire, in Asia and north Africa. In 1688 the Ottoman kuruş was introduced, equalling 40 para. In 1844, a kuruş was, in turn, of the newly introduced Ottoman lira. The modern Turkish lira is only divided into . In Serbia, the has been the subunit of the dinar since the 19th century. The Montenegrin perper was subdivided into 100 during its brief existence between 1906 and 1918. In Albania, the was used as a currency before the introduction of the lek in 1926. In Albanian, Kurdish, Greek, Bulgarian, Macedonian, Mandaic, Romanian, Serbian, Croatian and Turkish, para or its plural , pari, pare, parale, parai, paraja or is a generic term for money. References Modern obsolete currencies Coins of Turkey Currencies of Serbia Coins of the Ottoman Empire Currencies of Yugoslavia