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Para

Originally a silver coin of the Ottoman Empire, which came into existence about A. II. 1066, and eventually took the place of the Akeheh (q.v.), although at first it had a value four times as great as the latter coin.

The Para was made the fortieth part of the Piastre or Ghrush, a value if has always retained. Some of the earlier issues are rectangular in form.

The modern Para and its multiples are of copper and nickel; it was instituted by Abdul Medjid, A.H. 1260, i.e., in 1844. Ten Paras are today roughly computed as worth a Metallik.


Source: Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)
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