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Currency history

Italian lira

Dates in use
Introduction and ending not established
Ancestry branch
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Italian lira: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN Old Piedmont lira —20-soldi account unitOld Piedmont lira —20-soldiaccount unit 1816–1826 · DocumentedDocumented connection · 1816–1826 Genoese lira — commercial and fuori-banco accountGenoese lira 1826–1842 · DocumentedLater contribution or absorptionDocumented connection · 1826–1842 Euro — converging national replacementsEuro 1999 · DocumentedPublished ITL units per one euro. Thisterminal scale is not interchangeable withDocumented connection · 1999 · Published ITL units per one euro. This terminal scale is not interchangeable with earlier redenomination epochs. Tripolitanian Military Authority liraTripolitanian MilitaryAuthority lira 1943 · DocumentedDocumented connection · 1943 Italian liraItalian lira Currency history

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Italian lira

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The story

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

Turning points

New Piedmont lira adopted as decimal account unit, distinct from the restored…

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

Royal edict26 October 1826 requires new lira accounting in mainland territories

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

Law 788 art11 requires public accounts in Italian lire and extends mandatory…

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

Euro monetary substitution

1 EUR = 1936.27 ITL. Italy: euro adoption January 1, 1999; cash January 1, 2002. 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 January 1, 1999; cash January 1, 2002. [6]

Sources and evidence

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

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“Italian lira.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/FTM000247.html

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