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Inflation was curbed somewhat by Mussolini, who, on 18 August 1926, announced a new exchange rate between the lira and sterling of £1 = Lit 92.46 (the so-called Quota 90) although the free exchange rate had been closer to Lit 140–150 to the pound, causing a temporary deflation and widespread problems in the real economy.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
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 Quota 90 (Italian: Quota novanta) was a controversial revaluation of the lira undertaken by Mussolini, announced on August 18, 1926, at a speech in Pesaro, pegging the exchange rate to Lit. 92.46 to £1 stg (19 lire against the US Dollar) [1] by December 1927, which had been the prevailing market rate when Mussolini took power in 1922.
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]
Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria.It is also the name of several former currencies, including those of Italy, Malta and Israel.
The European Monetary System lasted from 1979 to 1999, when it was succeeded by the Economic and Monetary Union (EMU) and exchange rates for Eurozone countries were fixed against the new currency the Euro. [7] The ERM was replaced at the same time with the current Exchange Rate Mechanism (ERM II).
Italian lira – Italy; ... List of countries by exchange rate regime; List of central banks; ISO 4217 This page was last edited on 1 March 2025, at 19:11 ...