What were the monetary units of Italy before the conversion to euros?

5 answers

• Paul LindholmNov 04, 2022 · 3 years ago
  Before Italy switched to the euro, it had its own national currency called the Italian lira. The lira was subdivided into 100 centesimi. The lira was in circulation from 1861, when Italy became a unified country, until 2002, when it was replaced by the euro. The lira had different denominations, including banknotes of 1,000, 5,000, 10,000, 50,000, and 100,000 lire, as well as coins of various values.
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• Chennai ChiyangwaAug 05, 2020 · 5 years ago
  Italy used the Italian lira as its currency before joining the eurozone. The lira was a widely recognized symbol of Italy's economic history and cultural identity. It was used for everyday transactions and had various denominations, such as 1, 2, 5, 10, 20, 50, 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 50,000, and 100,000 lire. The lira was replaced by the euro in 2002, marking a significant change in Italy's monetary system.
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• Farid RzayevJul 21, 2022 · 3 years ago
  Before the adoption of the euro, Italy had its own currency known as the Italian lira. The lira was introduced in 1861 and remained in circulation until 2002. It was divided into 100 centesimi and had various denominations, including banknotes of 1,000, 5,000, 10,000, 50,000, and 100,000 lire, as well as coins of different values. The introduction of the euro brought about a unified currency across the European Union, including Italy, and replaced the lira as the official currency.
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• niharika nagendraJan 02, 2024 · a year ago
  Italy had its own currency, the Italian lira, before adopting the euro. The lira was in use from 1861 to 2002 and was divided into 100 centesimi. It had banknotes of 1,000, 5,000, 10,000, 50,000, and 100,000 lire, as well as coins of various denominations. The conversion to the euro marked a significant change in Italy's monetary system, aligning it with other European countries.
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• Rizzie YuFeb 27, 2021 · 4 years ago
  Italy's currency before the adoption of the euro was the Italian lira. The lira had a long history, dating back to 1861 when Italy became a unified country. It was subdivided into 100 centesimi and had banknotes of 1,000, 5,000, 10,000, 50,000, and 100,000 lire, along with coins of different values. The introduction of the euro in 2002 brought about a single currency for Italy and other European Union member states, replacing the lira.
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