Kingdom of Italy (Napoleonic) - Currency


The kingdom was given a new national currency, replacing the local coins circulating in the country: the Italian lira, of the same size, weight, and metal of the French franc. Mintage being decided by Napoleon with an imperial decree on March 21, 1806, the production of the new coins began in 1807. The monetary unit was the silver lira, which was 5 grams heavy. There were multiples of £2 (10 grams of silver) and £5 (25 grams of silver), and precious coins of £20 (6.45 grams of gold) and £40 (12.9 grams of gold). The lira was basically divided in 100 cents, and there were coins of 1 cent (2.1 grams of copper), 3 cents (6.3 grams of copper), and 10 cents (2 grams of poor silver), but following the tradition, there was a division in 20 soldi, with coins of 1 soldo (10.5 grams of copper, in practice 5 cents), 5 soldi (1.25 grams of silver), 10 soldi (2.5 grams of silver), and 15 soldi (3.75 grams of silver).

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Famous quotes containing the word currency:

    Both of us felt more anxiety about the South—about the colored people especially—than about anything else sinister in the result. My hope of a sound currency will somehow be realized; civil service reform will be delayed; but the great injury is in the South. There the Amendments will be nullified, disorder will continue, prosperity to both whites and colored people will be pushed off for years.
    Rutherford Birchard Hayes (1822–1893)

    Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.
    René Daumal (1908–1944)

    There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.
    William Howard Taft (1857–1930)