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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
Currency ISO 4217 code Symbol or Abbrev. [2] Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp
In 2024, however, the Italian economy continues to maintain its resilient strength, thanks to the reduction in energy prices, and the maintenance or reduction of oil prices, this stability allows a reduction in inflation. In September 2024, the European Central Bank has decreased interest rates by 0.25 percentage points.
5 July – Mount Etna and Mount Stromboli erupt, forcing a temporary closure of Catania–Fontanarossa Airport in Sicily. [22]13 July – Thirty-three Indian farm workers in Verona Province are rescued by the Guardia di Finanza following reports of "slave-like" working conditions, with two other Indian nationals arrested and charged with labour violations.
Coins of Italy (2 C, 31 P, 6 F) O. Obsolete Italian currencies (1 C, 59 P) Pages in category "Currencies of Italy"
As a result, from 16 October to 24 October the currency lost 2.98 percent of its value falling from 24,135 to 24,845 Vietnamese dong to the dollar. [44] This decline has continued into 2024 with the dong losing about 4.5 percent of its value between 1 January 2024, and the end of July. [45]
The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union , the 8th-largest economy in the world by nominal GDP , and the 11th-largest by PPP-adjusted GDP .
Italy has a long history of different coinage types, which spans thousands of years. Italy has been influential at a coinage point of view: the medieval Florentine florin, one of the most used coinage types in European history and one of the most important coins in Western history, [1] was struck in Florence in the 13th century, while the Venetian sequin, minted from 1284 to 1797, was the most ...