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The lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (the lira was officially a national subunit of the euro until the rollout of euro coins and notes in 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002.
Italy has a rich history, that goes for Italian money as well - and these two are interconnected. Today its official currency is the euro, but as goes for all EU countries, Italy also had its own currency before 1999. Before the euro, Italians had used the lira for two hundred years, but their currency history dates back to the Roman Empire.
28 kwi 2022 · Since the beginning of 2002, euros and cents have been circulating in Italy – just like in the other member states of the European Monetary Union. Although the lira is a thing of the past, Italy at least returned to centesimi coins, whose production had been stopped as early as in 1943.
6 lis 2014 · In 2002, all EU member states abandoned their national currencies to embrace the euro. It has been 12 years, yet, in Italy the lira is still dearly missed: if we count the nostalgic, one may believe the change happened only a few months back.
24 sie 2014 · The lira (plural lire) was the currency of the Italy between 1861 and 2002. Between 1999 and 2002, the Italian lira was officially a “national subunit” of the euro. However, physical payments could only be made in lire, as no euro coins and notes were available.
1 wrz 2010 · This paper discusses the main policies underlying Italy’s performance particularly focusing on the strategy of reserve accumulation. It presents a cointegration analysis identifying a distinct co-movement between exchange rate, reserves, and banknotes that holds over the three sub-periods of the sample.
22 kwi 2023 · The Italian Lira, with its subdivisions into 100 centimes, was the official currency of Italy from 1861 to 2002 when it was ultimately replaced by the European currency, the Euro. It was the currency in Don Bosco’s time and in the early history of the Salesian Congregation.
