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The lira (plural lire) was the distinct currency of Venice until 1848, when it was replaced by the Italian lira. It originated from the Carolingian monetary system used in much of Western Europe since the 8th century CE, with the lira subdivided into 20 soldi , each of 12 denari .
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]
The first issue of the Austrian currency was possible only in 1822. The new lire had a lower value than their French-Italian predecessors, which weighed 5 grams. During the revolutions of 1848, the Lombard Provisional Government briefly suspended the production of the lira and minted instead a special 5 Italian lire coin.
European Currency Unit and 22 national currencies which were replaced by the euro: Austrian schilling; Belgian franc; Croatian kuna; Cypriot pound; Dutch guilder; Estonian kroon; Finnish markka; French franc; German mark; Greek drachma; Irish pound; Italian lira; Latvian lats; Lithuanian litas; Luxembourgish franc; Maltese lira; Monégasque ...
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. When the Ottoman Empire ...
It replaced the lira at a rate of 1 fiorino = 3 lire. The fiorino was equivalent to the Austro-Hungarian florin. Although it was subdivided into 100 soldi rather than 100 kreutzers, Austrian coins circulated in Venetia. The only coins issued specifically for Venetia were copper 1 ⁄ 2 and 1 soldo pieces.
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Additionally, each island's authorities were divided into the Venetian and the domestic authorities. The economy of the islands was based on exporting local goods, primarily raisins, olive oil and wine, whereas Venetian lira, the currency of Venice, was also the currency of the islands. Some features of the culture of Venice were incorporated ...