What was Italy’s currency called before they adopted the euro?

Here is the question :

WHAT WAS ITALY’S CURRENCY CALLED BEFORE THEY ADOPTED THE EURO?


Here is the option for the question :

  • Lira
  • Drachma
  • Peseta
  • Krona

The Answer:

And, the answer for the the question is :

Lira

Explanation:

[STC00295] Prior to the introduction of the euro in 2002, Italy’s traditional currency was the lira.

Although Charlemagne is credited with introducing the lira to Europe in the eighth century, the real production of lira coins did not begin until the 16th century.

The lira was based on the pound of silver.

The Kingdom of Sardinia was the first Italian state to embrace the usage of the lira as its official currency.

Once the rest of Italy was unified, the currency was used throughout the entire country.

Following the adoption of the decimal system in the middle of the 19th century, the lira was revalued so that one lira was equivalent to one hundred centesimi.

Despite the fact that Italy currently uses the euro as its currency, the lira is still used in Turkey.

Turkey adopted the lira in 1881, while it was still a part of the Ottoman Empire.