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The lira (/ ˈ l ɪər ə / LEER-ə, Italian:; pl.: lire, / ˈ l ɪər eɪ / LEER-eh, Italian:) [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.
The lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (euro coins and notes were not introduced until 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002. The conversion rate is 1,936.27 lire to the euro. [99]
No coins were issued for this currency, with old Italian coins still circulating, although heavily devalued. The 50 centesimo piece for example was worth just a quarter of a penny . Notes were issued in denominations of 1 lira and 2, 5, 10, 50, 100, 500 and 1,000 lire.
Ajuran currency; Aksumite currency; Mogadishu currency; Dollar. Rhodesian dollar; Sierra Leonean dollar; Zimbabwean dollar; Zimbabwean dollar (2019–2024) Dinar – Sudan; Ekwele (Ekuele) – Equatorial Guinea
The Venetian lira was one of the currencies in use in Italy and due to the economic power of the Venetian Republic a popular currency in the Eastern Mediterranean trade. During the 19th century, the Ottoman Empire and the Eyalet of Egypt adopted the lira as their national currency, equivalent to 100 piasters or kuruş .
The ISO 4217 currency code for the lira was ITL. The Italian lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (euro coins and notes were not introduced until 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002. The conversion rate is 1,936.27 lire to the euro. [40]
The key currency generally refers to a world currency, which is widely used for pricing, settlement, reserve currency, freely convertible, and internationally accepted currency. Cross rate: After the basic exchange rate is worked out, the exchange rate of the local currency against other foreign currencies can be calculated through the basic ...
When the period of the Republic ended in 1797, the one lira coin weighed 4.16 g at 8/9 fine, equal to 3.70 g fine silver or 0.239 g fine gold. [8] From 1797 the Genoese lira and all its auxiliary units were replaced by the French franc, and afterwards the Italian lira. However, the Mint of Genoa remained in operation by issuing coins until 1860 ...