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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
Coins of Italy (2 C, 31 P, 6 F) O. Obsolete Italian currencies (1 C, 59 P) Pages in category "Currencies of Italy"
The Vietnamese cash (chữ Hán: 文 錢 văn tiền; chữ Nôm: 銅 錢 đồng tiền; French: sapèque), [a] [b] also called the sapek or sapèque, [c] is a cast round coin with a square hole that was an official currency of Vietnam from the Đinh dynasty in 970 until the Nguyễn dynasty in 1945, and remained in circulation in North Vietnam until 1948.
Italy is part of a monetary union, the eurozone, which represents around 330 million citizens, and of the European single market, which represents more than 500 million consumers. Several domestic commercial policies are determined by agreements among EU members and EU legislation. Italy joined the common European currency, the euro, in 2002. [262]
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. [ 1 ] : 3 [ 2 ] : 2 Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency.
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 .
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]
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 ...