The Latin Monetary Union (LMU) was a 19th-century system that unified several European currencies into a single currency that could be used in all member states when most national currencies were still made out of gold and silver. It was established in 1865 and disbanded in 1927. Many countries minted coins according to the LMU standard even though they did not formally accede to the LMU treaty.
The lira was the currency of Italy between 1861 and 2002. It was first introduced by the 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, which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom from 1941 to 1943.
The scudo was the name for a number of coins used in various states in the Italian peninsula until the 19th century. The name, like that of the French écu and the Spanish and Portuguese escudo, was derived from the Latin scutum ("shield"). From the 16th century, the name was used in Italy for large silver coins. Sizes varied depending on the issuing country.
The lira was the currency of the Vatican City between 1929 and 2002. It was not a separate currency but an issue of the Italian lira; the Banca d'Italia produced coins specifically for Vatican City.
The Somalo 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 subdivided into 100 centesimi.
The lira was the currency of the Kingdom of Sardinia between August 6, 1816, and March 17, 1861. It was subdivided into 100 centesimi and was equal in value to the French franc, which had previously been used as the currency of the Kingdom of Sardinia, having replaced the Piedmontese scudo by 1801. Since the Sardinian lira was little more than another version of the French franc, it could circulate also in France, and the French coins could circulate in Piedmont. The Sardinian lira was replaced at par by the Italian lira in 1861, as a consequence of the process of Italian unification. Similar to the majority of 19th century currencies, the Sardinian lira was not affected by significant episodes of inflation during all its existence.
The lira austriaca was the currency of the Kingdom of Lombardy–Venetia.
The Tuscan fiorino was the currency of Tuscany between 1826 and 1859. It was subdivided into 100 quattrini, a local currency made by four denari. There was an additional denomination called the paolo, worth 40 quattrini, in circulation.
The lira was the currency of the Grand Duchy of Tuscany until its annexation by Napoleonic France in 1807. After that year, it unofficially remained in circulation thanks to its silver value until the restoration of Tuscan independence in 1814. It was finally abolished in 1826.
The Roman scudo was the currency of the Papal States until 1866. It was subdivided into 100 baiocchi, each of 5 quattrini. Other denominations included the grosso of 5 baiocchi, the carlino of 7+1⁄2 baiocchi, the giulio and paoli both of 10 baiocchi, the testone of 30 baiocchi and the doppia of 3 scudi.
The lira was the distinct currency of Venice until 1848, when it was replaced by the Italian lira. It originated from the Carolingian monetary system used in much of Western Europe since the 8th century CE, with the lira subdivided into 20 soldi, each of 12 denari.
The scudo was the currency of Milan until 1806. It was subdivided into 6 lire, each of 20 soldi or 240 denari.
The lira was the currency of the Republic of Lucca until 1800 and again of the Duchy of Lucca between 1826 and 1847. It was subdivided into 20 soldi, each of 3 quattrini or 12 denari.
The lira was the currency of the mainland part of the Kingdom of the Two Sicilies, known as the Kingdom of Naples, between 1812 and 1813. The currency was issued by Joachim Murat, who claimed the title of "King of the Two Sicilies" but only controlled the mainland part of the kingdom. Consequently, the currency is referred to as the "Neapolitan lira". It was subdivided into 100 centesimi and was equal to the Italian lira and French franc. It replaced the piastra, which circulated again following the restoration of Bourbon rule.
The lira was the distinct currency of Parma before 1802 and again from 1815 to 1859.
The Papal Mint is the pope's institute for the production of hard cash. Papal Mint also refers to the buildings in Avignon, Rome, and elsewhere that used to house the mint..
The scudo was the currency of the island Kingdom of Sardinia until 1816. It was subdivided into 2½ lire, each of 4 reales, 20 soldi, 120 cagliarese or 240 denari. The doppietta was worth 2 scudi. It was replaced by the Sardinian lira.
The scudo was the currency of the Piedmont and the other mainland parts of the Savoyard Kingdom of Sardinia until 1816. It was subdivided into 6 lire, each of 20 soldi or 240 denari. The doppia was worth 2 scudi. During the Subalpine Republic and French occupation (1800–1814), the French franc circulated, supplemented by a small number of locally produced coins. The scudo was replaced by the Sardinian lira.
Italy has a long history of different coinage types, which spans thousands of years. Italy has been influential at a coinage point of view: the florin, one of the most used coinage types in European history, was struck in Florence in the 13th century. Since Italy has been for centuries divided into many city-states, they all had different coinage systems, but when the country became unified in 1861, the Italian lira came into place, and was used until 2002. Today, Italy uses the euro.
The Genoese lira was the currency of the Republic of Genoa until 1797.
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