Italian lira (euro)
- Monetary unit:
- the Country code:
- Italy, Republic
- of 294 060 sq. km
- the Italian (state)
- IT (ITA) 380
Italy is an exhibiting country the European Union . Monetary unit - euro - to equal 100 eurocents.
Till January, 1st, 2002 liras - equal 100 centesimo were cash token moneys of Italy. Withdrawal from an Italian lira money turnover has been prolonged till March, 1st, 2003 Throughout 10 years Bank of Italy grants possibility to interchange lira for euro.
A Nominal number of the native currency of Italy has been presented by notes of denomination of 500000, 100000, 50000, 10000, 5000, 2000, 1000 Italian liras. The Italian lira also was in use in San Marino and Vatican before euro introduction in 2002.
The Italian lira is injected by the law from August, 24th, 1862 with the contents into 0,290323 g of pure gold and 4,5 g of a fine silver, i.e. Equal to the franc France contents. With 1865 on 1914 Italy was a member of the Latin monetary union. Before creation in 1893 of Bank of Italy six banks used the right of emission of notes. The exchange of lira for gold between 1862 both was repeatedly suspended 1893, and its rate fell below parity. With a subrogation of issue to Bank of Italy and introduction of new rules of issuing money the lyre exchange rate has raised to the level close to parity, however obligatory exchange of lira on gold has not been reduced.
During the First World War the lira has undergone to sharp depreciation, rigid currency exchange regulation has been entered. Stabilisation of lira after war on base standard gold-deviznogo has been manufactured by the law from December, 21st, 1927 Currency exchange regulation has been excellent only in 1930, however were more narrow in 1931 new currency restrictions which by degrees amplified are entered.
The Italian lira has been devalueded in 1936 and 1949 From January, 20th till March, 1st, 1976 the official floating rate of lira was not positioned in connection with sharp flash of gamble against lira. After resumption of the official quotation the lyre exchange rate has decreased to 900 liras for 1 dollars, or on 24 % in comparison with the end of 1975
Since March, 13th, 1979 Italy was included into the European currency system, thus for it more preferential limits of deviations of a current rate of exchange have been positioned.
In 1986 the design of denomination of lira on a parity of 1000 liras for 1 new lira has been developed.
On the Italian notes of a series of 90th years going in circulation during replacement for euro, portraits of following people are represented: 1000 liras - Maria Montessori (1870-1952), the Italian teacher, scientific, the philosopher; 2000 liras - Gulelmo Marconi (1874-1937), Italian of radio engineerings and the businessman, the inventor of radio, the Nobel prize winner on the physicist for 1909; 5000 liras - Vinchentso of the Bellini (1801-1835), the Italian composer.
On denominations: 10000 liras - Alessandro Volta (1745-1827), the Italian chemist, the physicist, the founder of the doctrine about an electricity; 50000 liras - Giovanni Lorentso Bernini (1598-1680), the great Italian architect and the sculptor; 100000 liras - Michelangelo Merizi de Caravaggio (1571-1610), the Italian artist; 500000 liras - Raphael Santi (1483-1520), the great Italian painter, the graph and the architect.
It is updated 05.2012