Jump to navigation Jump to search Italy has a long history of different coinage types, which spans thousands of years. Despite the forex wiki italy that the first Italian coinage systems were used in the Magna Graecia and Etruscan civilization, the Romans introduced a widespread currency.
Unlike most modern coins, Roman coins had intrinsic value. The florin was struck from 1252 to 1523 with no significant change in its design or metal content standard. In the fourteenth century, one hundred and fifty European states and local coin issuing authorities made their own copies of the florin. The early modern Italian coins were very similar in style to French francs, especially in decimals, since it was ruled by the country in the Napoleonic Kingdom of Italy. They corresponded to a value of 0.
A Papal States scudo with Pope Pius VII. The Papal States scudo was the coinage system used in the Papal States until 1866. In 1808, the Papal States were annexed by France, and French francs circulated as the official coins. When the Pope’s authority was restored in 1814, the scudo was restored as the currency. However, the coinage of the individual states was not resumed. In 1849, another Roman Republic was established which issued coins centrally and in Ancona.
In 1866, the scudo was replaced by the lira, equivalent to the Italian lira. The exchange rate used was 5. The Parman lira was Parma’s official currency before 1802, and later revived from 1815 to 1859. The Duchy of Parma had its own coinage system until it was made a part of France in 1802. After the re-establishment of Parman independence, the Parman currency system was introduced in 1815. Also called the lira, it was subdivided into 20 soldi or 100 centesimi. However, this lira was equal to the French franc and the Sardinian lira, and it circulated alongside the latter.
The Neapolitan piastra was the most common silver coin of the Kingdom of Naples. In order to distinguish it from the piastra issued on the island of Sicily, it is referred to as the “Neapolitan piastra” as opposed to the “Sicilian piastra”. These two piastra were equal but were subdivided differently. The Two Sicilies piastra was the coinage system or currency of the Kingdom of the Two Sicilies between 1815 and 1860. Accounts were kept in ducato, worth 100 grana. The Sardinian lira was the currency of the Kingdom of Sardinia between 1816 and 1861.