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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.
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. The conversion rate was Lit 1,936.27 to the euro. [13]
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
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 ...
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.
The euro has been the official currency of Vatican City since 2002. Before that, the Vatican lira was the official currency. ... Face Value [7] €0.01 €0.02
Vatican lira This page was last edited on 27 January 2019, at 01:15 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ...
The assets entrusted to the administration (previously in the care of what was its Extraordinary Section) were initially 750 million Italian lire (at that time equivalent to £8,152,000) in cash and 1 billion Italian lire (at that time equivalent to £10,869,000) in Italian State bonds, an amount less than Italy would have paid under the Law of Guarantees of 1871, if the Holy See had accepted ...