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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 = ...
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Sammarinese Lira
The lira (plural ''lire''; abbreviation: SML) was the currency of San Marino from the 1860s until it was replaced by the euro on 1 January 2002. It was equivalent and Peg (currency), pegged to the Italian lira. Coins of the Italian lira, Italian coins and banknotes and Vatican lira, Vatican City coins were legal tender in San Marino, while Sammarinese coins, minted in Rome, were legal tender throughout Italy, as well as in the Vatican City. Coins San Marino's first coins were copper c.5, issued in 1864. These were followed by copper c.10, first issued in 1875. Although these copper coins were last issued in 1894, silver c.50, 1 Lira, 2 Lire and 5 Lire were issued in 1898, with the 1 Lira and 2 Lire also minted in 1906. The Sammarinese coinage recommenced in 1931, with silver 5 Lire, 10 Lire and 20 Lire, to which bronze c.5 and c.10 were added in 1935. These coins were issued until 1938. In 1972, San Marino began issuing coins again, in den ...
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Centesimo
Centesimo (; : ''centesimi''; ; : ''centésimos'') is a currency unit equivalent to cent, derived from the Latin ''centesimus'' meaning "hundredth". In Italy it was the division of the Italian lira. Currencies that have centesimo as subunits include: Circulating * Euro cent (in Italian, see Language and the euro) * Panamanian balboa * Swiss franc (in Italian, see Rappen) * Uruguayan peso Obsolete * Boliviano (1864–1963) * Chilean escudo * Dominican franco * Eritrean tallero * Italian lira * Lombardo-Venetian lira * Luccan franc * Neapolitan lira * Papal lira * Paraguayan peso * Parman lira * Sammarinese lira * Sardinian lira * Somalo The Somalo (plural: Somali, صومالي) was the currency of the Trust Territory of Somaliland administered by Italy between 1950 and 1960. The "Somalo" remained officially in use in the newly created Somali Republic until 1962. It was subdivi ... * Vatican lira References Coins of Italy Cent (currency) {{Mo ...
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Nigerian Pound
The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound, at parity with sterling with free convertibility, was replaced in 1973 with the decimal '' naira'' at a rate of £1 = ₦2, making Nigeria the last country to abandon the pre-decimal £sd currency system. Coins Coins were issued in 1959 in denominations of , 1, 3 and 6 pence, 1 and 2 shillings. The d and 1d coins were holed and struck in bronze. The 3d coin, minted in nickel-brass, was a smaller version of the distinctive twelve-sided threepenny bits that were used in the UK, Fiji and Jersey. The higher denominations were struck in cupro-nickel. Banknotes In 1918, emergency issues were made by the government in denominations of 1/–, 10/– and 20/–. In 1959,
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Bank Of Italy
The Bank of Italy (Italian language, Italian: ''Banca d'Italia'', , informally referred to as ''Bankitalia'') is the National central bank (Eurosystem), national central bank for Italy within the Eurosystem. It was the Italian central bank from 1893 to 1998, issuing the Italian lira, lira. Since 2014, it has also been Italy's national competent authority within European Banking Supervision. It is located in Palazzo Koch, via Nazionale (Rome), via Nazionale, Rome. History The institution was established in 1893 from the combination of three major banks in Italy (after the Banca Romana scandal).Alfredo Gigliobianco and Claire Giordano"Economic Theory and Banking Regulation: The Italian Case (1861-1930s)" ''Quaderni di Storia Economica'' (''Economic History Working Papers''), No. 5, November 2010 The new central bank first issued banknotes during 1926. Until 1928, it was directed by a general manager, after this time instead by a governor elected by an internal commission of manager ...
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Pound Sign
The pound sign () is the currency symbol, symbol for the pound unit of account, unit of Pound sterling, sterling – the currency of the United Kingdom and its associated Crown Dependencies and British Overseas Territories and previously of Kingdom of Great Britain, Great Britain and of the Kingdom of England. The same symbol is used for other currencies called pound (currency), pound, such as the Egyptian pound, Egyptian and Syrian pound, Syrian pounds. The sign may be drawn with one or two bars depending on personal preference, but the Bank of England has used the one-bar style exclusively on banknotes since 1975. In the United States, "pound sign" refers to the symbol (number sign). In Canada, "pound sign" can mean or . Origin The symbol derives from the upper case Latin letter , representing ''libra pondo'', the basic unit of weight in the Roman Empire, which in turn is derived from the Latin word ''libra'', meaning Weighing scale, scales or a balance. The pound became a ...
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Lira
Lira is the name of several currency units. It is the current Turkish lira, currency of Turkey and also the local name of the Lebanese pound, currencies of Lebanon and of Syrian pound, Syria. It is also the name of several former currencies, including those of Italy, Malta and Israel. The term originates from the value of a Roman pound (, about 329g, 10.58 troy ounces) of high purity silver. The was the basis of the monetary system of the Roman Empire. When Europe resumed a monetary system, during the Carolingian Empire, the Roman system was adopted. The Roman denominations were used (becoming known in England as £sd). Specifically, this system was kept during the Middle Ages and Modern Age in England, France, and Italy. In each of these countries the was translated into local language: pound (currency), pound in England, in France, in Italy. The Venetian lira was one of the currencies in use in Italy and due to the economic power of the Venetian Republic a popular cur ...
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Currency Symbol
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: , and . Symbols are neither defined nor listed by international standard ISO 4217, which only assigns three-letter codes. Usage When writing currency amounts, the location of the symbol varies by language. For currencies in English-speaking countries and in most of Latin America, the symbol is placed before the amount, as in . In most other countries, including many in Europe and Canada (when using French), the symbol is placed after the amount, as in . Exceptionally, the symbol for the Cape Verdean escudo (like the Portuguese escudo, to which it was formerly pegged) is placed in the decimal separator position, as in . CV's most recent coin issue is the 200$ ...
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French Denier
The denier (; , , ; . d.) or penny was a medieval coin which takes its name from the Frankish empire, Frankish coin first issued in the late seventh century; in English it is sometimes referred to as a silver penny. Its appearance represents the end of gold coinage, which, at the start of Frankish rule, had either been Roman (Byzantine) or "pseudo-imperial" (minted by the Franks in imitation of Byzantine coinage). Silver would be the basis for Frankish coinage from then on. The ''denier'' was minted in France, Cyprus and parts of the Italian peninsula for the whole of the Middle Ages, in states such as the Patriarchate of Aquileia (state), patriarchate of Aquileia, the Kingdom of Sicily, the Republic of Genoa, the Republic of Siena, Kingdom of Cyprus, and the crusader state Kingdom of Jerusalem, among others. History Coin Around 755, amid the Carolingian Renaissance, Carolingian Reforms, Pepin the Short introduced a new French currency, currency system which was eventually a ...
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Soldo
The soldo was an Italian silver coin, issued for the first time in the late 12th century at Milan by Emperor Henry VI. The name derives from the late Roman coin '' solidus''. History It quickly became widespread in Italy, where it was coined in Genoa, Bologna, and numerous other cities. In Venice, the soldo was minted from the reign of Francesco Dandolo onward, remaining in use also after the republic's dissolution in 1797 and during the Austrian occupation, until 1862. In the 14th century Florence, a ''soldo'' equaled of a ''lira'' and 12 '' denari''. As time passed, the ''soldo'' started to be coined in billon and, from the 18th century, in copper Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orang .... During the reign of Leopoldo II of Tuscany (19th century), it was worth ...
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Unit Of Account
In economics, unit of account is one of the functions of money. A unit of account is a standard numerical monetary unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt. Money acts as a standard measure and a common denomination of trade. It is thus a basis for quoting and bargaining of prices. It is necessary for developing efficient accounting systems. Economics Unit of account in economics allows a somewhat meaningful interpretation of prices, costs, and profits, so that an entity can monitor its own performance. It allows shareholders to make sense of its past performance and have an idea of its future profitability. The use of money, as a relatively stable unit of measure, can tend to drive market economies toward efficiency. Historically, prices were of ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ...
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