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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
7–12 June: 2024 European Athletics Championships [13] 8-9 June: 2024 Italian local elections; 9 June: 2024 European Parliament election in Italy: The Brothers of Italy party led by Prime Minister Giorgia Meloni emerges as the largest party in the Italian contingent to the European Parliament. [14] 9 June: 2024 Piedmontese regional election
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.
Coins of Italy (2 C, 31 P, 6 F) O. Obsolete Italian currencies (1 C, 59 P) Pages in category "Currencies of Italy"
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Electricity supplied by Italy. [citation needed] Currency. Euro (since 2002). Vatican City depends on Italy for practical production of banknotes, stamps and other valuable titles. [citation needed] Owing to their rarity, Vatican euro coins are sought by collectors. [citation needed] The fiscal year is the calendar year. [citation needed]
Newly unified Italy adopted the lira on a similar basis in 1862. In 1865, France, Belgium, Switzerland and Italy created the Latin Monetary Union (to be joined by Spain and Greece in 1868): each would possess a national currency unit (franc, lira, peseta, drachma) worth 4.5 g of silver or 0.290 322 g of gold (fine), all freely exchangeable at a ...
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. The country has the second-largest manufacturing industry in Europe, which is also the 7th-largest in the world. [32]