Italian lira
The lira (/ˈlɪərə/ LEER-ə, Italian: [ˈliːra]; pl.: lire, /ˈlɪəreɪ/ LEER-eh, Italian: [ˈliːre])[1] was the currency of Italy between 1861 and 2002. It was introduced by the Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 centesimi (sg.: centesimo), which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom from 1941 to 1943.
Lira italiana (Italian)
ITL
Lire
₤ None official (see § Notation and symbols)
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Centesimo
(withdrawn after World War II)
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Centesimi
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1,000, 2,000, 5,000, 10,000, 50,000, 100,000 lire
20,000, 500,000 lire
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50, 100, 200, 500, 1,000 lire
1 lira, 2, 5, 10, 20 lire
None, previously:
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Napoleonic Italy (1805-1814)
Kingdom of Italy (1861-1946)
Italian Social Republic (1943–1945)
Free Territory of Trieste (1947–1954)
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Kingdom of Albania (1939–43)
San Marino (local issue: Sammarinese lira)
Vatican City (local issue: Vatican lira)
2.3% (2001)
13 March 1989, 25 November 1996
17 September 1992
31 December 1998
1 January 1999
1 March 2002
Lit 1,936.27
The term originates from libra, the largest unit of the Carolingian monetary system used in Western Europe and elsewhere from the 8th to the 20th century.[2] The Carolingian system is the origin of the French livre tournois (predecessor of the franc), the Italian lira, and the pound unit of sterling and related currencies.
In 1999, the euro became Italy's unit of account and the lira became a national subunit of the euro at a rate of €1 = Lit 1,936.27, before being replaced as cash in 2002.
[edit]
Vatican City[edit]
The Vatican lira (pl.: lire) was the official unit of the Vatican City State. It was at par with the Italian lira under the terms on the concordat with Italy. Italian lira notes and coins were legal tender in the Vatican City, and vice versa. Specific Vatican coins were minted in Rome, and were legal tender also in Italy and San Marino.
The Vatican City switched to the euro along with Italy and San Marino. As with old Vatican lira coins, the Vatican City has its own set of euro coins.
San Marino[edit]
The Sammarinese lira (pl.: lire) was the official unit of San Marino. Like the Vatican lira, the Sammarinese lira was at par with the Italian lira.
Italian lira notes and coins were legal tender in San Marino (and vice versa). Specific Sammarinese coins were minted in Rome, and were legal tender in Italy, as well as the Vatican City.
San Marino switched to the euro along with Italy and the Vatican City. As with old Sammarinese lira coins, the country has its own set of euro coins.
Miniassegni[edit]
Miniassegni (sg.: miniassegno) were a type of notgeld that circulated in Italy in the late 1970s in place of change, as in that period small-denomination coins were scarce and were often substituted with candy, stamps, telephone tokens, or even public transport tickets. The first miniassegni appeared in December 1975, and they were subsequently issued by many banks; they had nominal values of 50, 100, 150, 200, 250, 300 and 350 lire.
Restoration[edit]
In 2005, the Lega Nord launched a campaign to reintroduce the lira as a parallel currency.[17] In 2014, Beppe Grillo, leader of the Five Star Movement, also raised the same point.[18]