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1 Centesimo (Italian Coin)
The 1 lira cent (Italian language, Italian: ''centesimo di lira''), commonly called ''centesimino'', was the smallest denomination of Italian lira coins. Like the contemporary 1 euro cent coin, 1, 2 euro cent coin, 2 and 5 euro cent coin, 5 cent coins, it was made of a bronze alloy composed of 960‰ copper and 40‰ tin. The 1-cent coins were minted between 1861 and 1918, only to be withdrawn from circulation in 1924. Origin Napoleonic monetary reform In order to bring order to the French monetary system, on August 15, 1795, the National Convention introduced the use of the decimal base and bimetallism, a system that was not implemented until 1803 by Napoleon. The silver franc was adopted as the basic unit; multiples worth more than 5 francs were minted in gold, while copper was allowed to be used for cents. Following the Campaigns of 1796 in the French Revolutionary Wars, Italian campaign led by Napoleon, the Kingdom of Italy was born in 1805, which, being a de facto French ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Italian Lira
The lira ( , ; : lire, , ) was the currency of Italy between 1861 and 2002. It was introduced by the Kingdom of Italy (Napoleonic), Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 ''centesimi'' (: ''centesimo''), which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom (1939-1943), Albanian Kingdom from 1941 to 1943. The term originates from ''libra'', the largest unit of the Carolingian monetary system used in Western Europe and elsewhere from the 8th to the 20th century. The Carolingian system is the origin of the French ''livre tournois'' (predecessor of the franc), the Italian lira, and the Pound (currency), pound unit of Pound sterling, sterling and related currencies. In 1999, the euro became Italy's unit of account and the lira became a national subunit of the euro at a rate of €1 = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
