The economy of Vatican City is mainly supported financially by the sale of stamps, coins, medals, and tourist mementos as well as fees for admission to museums and publication sales. Vatican City employed 4,822 people in 2016.
There are eight euro coin denominations, ranging from one cent to two euros. The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone has its own design on the obverse, which means that each coin has a variety of different designs in circulation at once. Four European microstates that are not members of the European Union use the euro as their currency and also have the right to mint coins with their own designs on the obverse side.
Belgian euro coins feature only a single design for all eight coins: the portrait or effigy of the King of the Belgians. Previously, all Belgian euros depicted King Albert II and his royal monogram. Current coins depict King Philippe. Also part of the design by Jan Alfons Keustermans are the 12 stars of the EU and the year of imprint.
A commemorative coin is a coin issued to commemorate some particular event or issue with a distinct design with reference to the occasion on which they were issued. Many coins of this category serve as collector's items only, although some countries also issue commemorative coins for regular circulation.
Sede vacante is a term for the state of a diocese while without a bishop. In the canon law of the Catholic Church, the term is used to refer to the vacancy of the bishop's or Pope's authority upon his death or resignation.
The lira or pound was the currency of Malta from 1972 until 31 December 2007. One lira was divided into 100 cents, each of 10 mils. After 1986 the lira was abbreviated as Lm, although the original £M sign continued to be used unofficially. In English the currency was still frequently called the pound even after its official English language name was changed to lira.
The lira was the currency of Italy between 1861 and 2002. It was 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 koruna, or crown, has been the currency of the Czech Republic since 1993. The koruna is one of the European Union's eight currencies, and the Czech Republic is legally bound to adopt the euro in the future.
There have been three sets of coins in Ireland since independence. In all three, the coin showed a Celtic harp on the obverse. The pre-decimal coins of the Irish pound had realistic animals on the reverse; the decimal coins retained some of these but featured ornamental birds on the lower denominations; and the euro coins used the common design of the euro currencies. The pre-decimal and original decimal coins were of the same dimensions as the same-denomination British coins, as the Irish pound was in currency union with the British pound sterling. British coins were widely accepted in Ireland, and conversely to a lesser extent. In 1979 Ireland joined the Exchange Rate Mechanism and the Irish pound left parity with sterling; coin designs introduced after this differed between the two countries.
The Vatican post office has operated its own postal service and issued its own postage stamps since 1929.
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.
€2 commemorative coins are special euro coins that have been minted and issued by member states of the eurozone since 2004 as legal tender in all eurozone member states.
The Pontifical Commission for Vatican City State is the legislative body of Vatican City. It consists of a president, who also holds the title of President of the Governorate of Vatican City State and serves as the head of government of Vatican City, as well as seven other cardinals appointed by the pope for five-year terms.
The 1 euro coin (€1) is a euro coin with a value of one euro. It is made of two alloys: the inner part of cupronickel, the outer part of nickel brass. All coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side design dating from 2007.
The 2 euro coin (€2) is the highest-value euro coin and has been used since the introduction of the euro in 2002. The coin is used in 22 countries with a collective population of about 341 million. The coin is made of two alloys: the inner part of nickel brass, the outer part of copper-nickel. All coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side design dating from 2007.
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 Philatelic and Numismatic Office of the Vatican City State, managed by Poste Vaticane, is responsible for issuing Vatican postal stamps and Vatican coins.
Before the introduction of the euro, the current eurozone members issued their own individual national coinage, most of which featured mint marks, privy marks and/or mint master marks. These marks have been continued as a part of the national designs of the euro coins, as well. This article serves to list the information about the various types of identifying marks on euro coins, including engraver and designer initials and the unique edge inscriptions found on the €2 coins.
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 medieval Florentine florin, one of the most used coinage types in European history and one of the most important coins in Western history, was struck in Florence in the 13th century, while the Venetian sequin, minted from 1284 to 1797, was the most prestigious gold coin in circulation in the commercial centers of the Mediterranean Sea.
![Eurozone participation
European Union member states
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20 in the eurozone
1 in ERM II, without an opt-out (Bulgaria)
1 in ERM II, with an opt-out (Denmark)
5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden)
Non-EU member states
4 using the euro with a monetary agreement (Andorra, Monaco, San Marino, and Vatican City)
2 using the euro unilaterally (Kosovo and Montenegro)
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