Search results
Results from the WOW.Com Content Network
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 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.
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
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] All lira banknotes in use immediately before the introduction of the euro, as all post WW2 coins, were still exchangeable for euros in all branches of the Bank of Italy until 29 February 2012.
Lire 10 and Lire 20 coins dated 2000 or 2001 were struck in sets only. The Lire 500 coin was the first bimetallic circulating coin, and was also the first circulating coin to feature Braille numerals (a Braille "L. 500" is on the upper rim of the coin's reverse, above the building).
The euro was implemented on 1 January 1999, when it became the currency of over 300 million people in Europe. [12] For the first three years of its existence it was an invisible currency, only used in accountancy. euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the countries in eurozone 12, such as the French franc and the Spanish peseta.
The lira (plural lire; abbreviation: SML) was the currency of San Marino from the 1860s until it was replaced by the euro on 1 January 2002. It was equivalent and pegged to the Italian lira . [ 1 ] Italian coins and banknotes and Vatican City coins were legal tender in San Marino, while Sammarinese coins, minted in Rome , were legal tender ...
In Italy it was the 1 ⁄ 100 division of the Italian lira. Currencies that have centesimo as subunits include: Circulating. Euro cent (in Italian, see Language and the euro) Panamanian balboa; Swiss franc (in Italian, see Rappen) Uruguayan peso; Obsolete. 20 centesimi, 1912. Boliviano (1864–1963) Chilean escudo; Dominican franco; Eritrean ...