| lira pontificia (Italian) | |
|---|---|
20 lire | |
| Unit | |
| Nickname | franc |
| Denominations | |
| Subunit | |
| 1⁄20 | soldo (s.) |
| 1⁄100 | centesimo (c.) |
| Coins | c.1, s.1⁄2, s.1, s.2, s.4, s.5, s.10 L.1, L.2, L.2+1⁄2, L.5 |
| Rarely used | L.10, L.20, L.50, L.100 |
| Demographics | |
| Date of introduction | 1866 |
| Date of withdrawal | 1870 |
| Official user(s) | |
| Unofficial users | |
| Issuance | |
| Mint | Papal Mint |
| Valuation | |
| Pegged with | French franc |
| This infobox shows the latest status before this currency was rendered obsolete. | |
Thelira was the currency of thePapal States between 1866 and 1870. It was subdivided into 20soldi, each of 5centesimi.
In 1866Pope Pius IX, whose temporal domain had been reduced to only the province ofLatium, decided to match its coinage to theLatin Monetary Union. The Papal States was never a formal member of that currency union, but this coinage was used in all of its neighboring countries.
The lira, was introduced with the same value of theFrench franc and theItalian lira replacing thescudo at a rate of 5.375 lire = 1 scudo : the rate was calculated thanks to the silver value of the old scudo (26.9 grams of 0.900 fine silver[citation needed]) and the new lira (5 grams of 0.900 fine silver). Silver denominations below 5 lire were 0.835 fine, according to the Latin Monetary Union standard. With the annexation of thePapal States to Italy in 1870, the Papal lira was replaced by theItalian lira at par.
The lira was subdivided into 100centesimi and, differently from the other currencies of the union, into 20soldi. However, all denomination in soldo had an equivalence in cents.
Copper coins were issued in denominations of c.1, s.1⁄2, (c.2+1⁄2), s.1 (c.5), s.2 (c.10) and s.4 (c.20), with silver s.5 (c.25) and s.10 (c.50), 1, 2,2+1⁄2 and 5 lire, and gold 5, 10, 20, 50 and 100 lire.
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