Also known as lira italiana, Liva
currency
The Italian lira was the official money used in Italy before the country switched to the euro in 2002. It matters historically because it was central to Italy's economy for centuries and its replacement marked a major shift toward a unified European currency system.
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ISO 4217 CodeITL Unit PluralLire Symbol₤ None official (see § Notation and symbols) Denominations Subunit 1⁄100Centesimo (withdrawn after World War II) Plural CentesimoCentesimi Banknotes Freq. used1,000, 2,000, 5,000, 10,000, 50,000, 100,000 lire Rarely used20,000, 500,000 lire Coins Freq. used50, 100, 200, 500, 1,000 lire Rarely used1 lira, 2, 5, 10, 20 lire Demographics User(s)None, previously:
Italy
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