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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 Italian lira had no official sign, but the abbreviations L. and Lit. and the symbols ₤ (two bars), £ (one bar) were all commonly used. The Maltese lira used £M before 1986 and Lm thereafter (both as prefixes), though £M continued to be used in unofficial capacities.
The Venetian lira (plural lire) was the distinct currency of the Republic 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 .
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).
Lira is the unit of currency of various countries. Specific currencies. Current ... Italian Somaliland lira 1925–1926; Luccan lira until 1800 and 1826–1847;
The first minting of the florin occurred in 1252. At the time the value of the florin was equal to the lira, but by 1500 the florin had appreciated; seven lire amounted to one florin. [4] In the 14th century, about a 150 European states and local coin-issuing authorities made their own copies of the florin.
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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.