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Centesimo (Italian: centesimo; pl.: centesimi; Spanish: centésimo; pl.: centésimos) is a currency unit equivalent to cent, derived from the Latin centesimus meaning "hundredth". In Italy it was the 1 ⁄ 100 division of the Italian lira .
Inflation was curbed somewhat by Mussolini, who, on 18 August 1926, announced a new exchange rate between the lira and sterling of £1 = Lit 92.46 (the so-called Quota 90) although the free exchange rate had been closer to Lit 140–150 to the pound, causing a temporary deflation and widespread problems in the real economy.
In 1939, the "official" rate was 19.8 lire. After the Allied invasion of Italy during World War II, an exchange rate was set at US$1 = 120 lire (1 British pound = 480 lire) in June 1943, reduced to 100 lire the following month. In German-occupied areas, the exchange rate was set at 1 Reichsmark = 10 lire.
The 1 lira cent (Italian: centesimo di lira), commonly called centesimino, [1] was the smallest denomination of Italian lira coins. Like the contemporary 1, 2 and 5 cent coins, it was made of a bronze alloy composed of 960‰ copper and 40‰ tin. [2]
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 Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
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