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Currency history

Italian lira

Italian lira: a historical unit of account.

Dates in use
Introduction and ending not established
Ancestry branch
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Where this money came from

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7 ancestors · 3 descendants. Follow a name to its history. Select a dated connection for its evidence.

DocumentedQualified

This currency also received later contributions, distinguished below from its origins.

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The story

Tripolitania replaced metropolitan Italian lire with the military-administration lira from 15 September 1943, withdrawing the former legal tender by 30 November; a few small Italian denominations remained instruments valued in MAL. [1]

Turning points

Account-unit observation

New Piedmont lira adopted as decimal account unit, distinct from the restored old20-soldi Piedmont lira. [2]

Account-unit observation

Royal edict26 October 1826 requires new lira accounting in mainland territories. [3]

Account-unit observation

Law 788 art11 requires public accounts in Italian lire and extends mandatory denomination to private writings from 1 January 1863. [4]

Euro monetary substitution

1 EUR = 1936.27 ITL. Italy: euro adoption 1999-01-01; cash 2002-01-01. Regulation 974/98 substitutes the euro for each participating state’s currency on its adoption date; cash changeover is separately defined. [5] [6] [7]

Euro cash changeover

Italy: euro adoption 1999-01-01; cash 2002-01-01. [6]

Sources and evidence

  1. G. A. Blowers and A. N. McLeod · Currency Unification in Libya, IMF Staff Papers 2, pp. 439–467 (1952) C1681 ↗
  2. Giuseppe Felloni · Monete e zecche negli Stati Sabaudi dal 1816 al 1860,1956; reprinted 1998 C1782 ↗
  3. Giuseppe Felloni · Monete e zecche negli Stati Sabaudi dal 1816 al 1860,1956; reprinted 1998 C1783 ↗
  4. Italian legislature · Law24 August 1862, no788 C1785 ↗
  5. Council of the European Union · Council Regulation (EC) 2866/98 — consolidation at 1 January 2026 C676 ↗
  6. Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026 C677 ↗
  7. Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026 C646 ↗

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Cite this page

“Italian lira.” The Family Tree of Money. © Field Technologies, Inc. Reader edition 2026-10-13; research dataset v44. https://familytreeofmoney.org/currency/FTM000247.html

Editorial evidence supplement · Download dataset v44

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