The name given to the smallest, copper coin of Servia, adopted in 1867 when that, country followed the Latin Union in its monetary system. One hundred Para are equal to one Dinar. King Milan issued pieces of five and ten Paras in nickel in 1883 and later.
The Para of Montenegro has a somewhat higher value, as it is the fractional part of the Perper, which latter has the same value as the Austrian Krone. Nickel and copper coins respectively of ten and twenty Paras in nickel, and one and two Paras in copper, were struck for Montenegro at the Paris mint in 1909.
Source: Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)