Asked about currency
The official currency of Italy before the Euro was the Italian Lira (ITL), which was in circulation from 1861 until 2002. It was subdivided into 100 centesimi.
Following the introduction of the Euro on January 1, 2002, the lira was officially replaced, with a conversion rate of 1,936.27 lire to 1 Euro.
Key Details on Italian Lira:
Banknotes: Common, older denominations included 1,000 (often featuring Maria Montessori or Marco Polo), 2,000 (Guglielmo Marconi), 5,000 (Vincenzo Bellini), 10,000 (Alessandro Volta), 50,000 (Gian Lorenzo Bernini), and 100,000 (Caravaggio) lire.
Coins: Included 10, 20, 50, 100, 200, 500, and 1,000 lire denominations.
History: The lira was introduced in 1861 following national unification, though its roots trace back to the Napoleonic Kingdom of Italy in 1807.
Exchange: As of 2026, it is no longer possible to exchange old Italian lire for Euros at the Banca d'Italia.
Before 1861, various currencies were used, such as the Tuscan florin and Venetian ducat during the Renaissance.
Following the introduction of the Euro on January 1, 2002, the lira was officially replaced, with a conversion rate of 1,936.27 lire to 1 Euro.
Key Details on Italian Lira:
Banknotes: Common, older denominations included 1,000 (often featuring Maria Montessori or Marco Polo), 2,000 (Guglielmo Marconi), 5,000 (Vincenzo Bellini), 10,000 (Alessandro Volta), 50,000 (Gian Lorenzo Bernini), and 100,000 (Caravaggio) lire.
Coins: Included 10, 20, 50, 100, 200, 500, and 1,000 lire denominations.
History: The lira was introduced in 1861 following national unification, though its roots trace back to the Napoleonic Kingdom of Italy in 1807.
Exchange: As of 2026, it is no longer possible to exchange old Italian lire for Euros at the Banca d'Italia.
Before 1861, various currencies were used, such as the Tuscan florin and Venetian ducat during the Renaissance.
26-30, F
