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Like the Vatican lira, the Sammarinese lira was at par with the Italian lira. Italian lira notes and coins were legal tender in San Marino (and vice versa). Specific Sammarinese coins were minted in Rome, and were legal tender in Italy, as well as the Vatican City. San Marino switched to the euro along with Italy and the Vatican City.
The Quota 90 (Italian: Quota novanta) was a controversial revaluation of the lira undertaken by Mussolini, announced on August 18, 1926, at a speech in Pesaro, pegging the exchange rate to Lit. 92.46 to £1 stg (19 lire against the US Dollar) [1] by December 1927, which had been the prevailing market rate when Mussolini took power in 1922.
The lira fell steadily, from 560 lira to the U.S. dollar in 1973 to 1,400 lira in 1982. [ 57 ] The economic recession went on into the mid-1980s until a set of reforms led to the independence of the Bank of Italy [ 58 ] and a big reduction of the indexation of wages [ 59 ] that strongly reduced inflation rates, from 20.6% in 1980 to 4.7% in ...
Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria.It is also the name of several former currencies, including those of Italy, Malta and Israel.
The Milanese lira, Venetian lira, Lombardo-Venetian lira and Parman lira after 1814, at the rate of 270 Milanese lire = 45 Milanese scudi = 405 Venetian lire = 855 Parman lire = 207.23 Italian lire; [75] The Tuscan fiorino and the Tuscan lira in 1859, at 1 francescone = 4 fiorini = 6 + 2 ⁄ 3 Tuscan lire = 5.6 Italian lire;
In 1929, copper c.5 and c.10, nickel c.20 and c.50, 1 Lira and 2 Lire, silver 5 Lire and 10 Lire, and gold 100 Lire coins were introduced. In 1936, the gold content of 100 Lire coins was decreased from 0.2546 to 0.1502 troy ounces (from 7.92 to 4.67 grams). [1] In 1939, aluminium bronze replaced copper and, in 1940, stainless steel replaced ...
The banknotes for 1, 2, 5 and 10 lire are a square shape, and the 50, 100, 500 and 1,000 lire have a rectangular shape, same general shape as the U.S. dollar. The second issue (Series 1943 A) was printed only by the FLC, and was added to the indication in letters (in Italian and English) of the value.
The ISO 4217 currency code for the lira was ITL. The Italian lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (euro coins and notes were not introduced until 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002. The conversion rate is 1,936.27 lire to the euro. [40]