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The lira (plural lire; abbreviation: VAL) was the currency of the Vatican City between 1929 and 2002. It was not a separate currency but an issue of the Italian lira ; the Banca d'Italia produced coins specifically for Vatican City.
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.
The lira, was introduced with the same value of the French franc and the Italian lira replacing the scudo at a rate of 5.375 lire = 1 scudo : the rate was calculated thanks to the silver value of the old scudo (26.9 grams of 0.900 fine silver [citation needed]) and the new lira (5 grams of 0.900 fine silver). Silver denominations below 5 lire ...
While Vatican stamps may only be used within the Vatican City State and the quantity of euro coins is limited by treaty with Italy (the total value of all coins minted in 2002 was restricted to €310,400), [2] Vatican coins and stamps serve as an important sign of Vatican sovereignty, and their scarcity and design makes them popular with ...
As the value of the Italian Lira declined in the years since World War II, new denominations in progressively higher values were introduced, with the lower values dropping off. All the centesimi denominations ceased to be issued after 1946, the gold 100-Lire after 1959, and the by-now tiny aluminum 1- and 2-Lire issues ended after 1977, with ...
From 1980 until 2001, Lira 1 and Lire 2 coins were struck solely for collectors due to their low value, and in 1998 the Lire 5 was also sold for collectors only. Lire 10 and Lire 20 coins dated 2000 or 2001 were struck in sets only.
The lira was the currency of Italy from its unification until it was merged into the euro in 1999. [2] A unit of currency lira had previously been used in some of the states and possessions that became Italy but their values were not necessarily equivalent.
Before that, the Vatican lira was the official currency. Vatican euro design For ... Face Value [7] €0.01 €0.02 €0.05 €0.10 €0.20 €0.50 €1.00