| lira nuova (Italian) | |
|---|---|
10 soldi coin byMarie Louise | |
| Unit | |
| Nickname | franc |
| Denominations | |
| Subunit | |
| 1⁄20 | soldo |
| 1⁄100 | centesimo |
| Coins | c.1, c.3, c.5 s.5, s.10, L.1, L.2, L.5 |
| Rarely used | L.20, L.40 |
| Demographics | |
| Official user(s) | |
| Unofficial users | |
| Issuance | |
| Mint | Milan Mint,Parma Mint |
| Valuation | |
| Pegged with | French franc |
| This infobox shows the latest status before this currency was rendered obsolete. | |
Thelira (plural:lire) was the distinct currency ofParma before 1802 and again from 1815 to 1859.
TheDuchy of Parma issued its own currency until it was annexed to France in 1802. This lira was subdivided into 20soldi (singular:soldo), each of 12denari (singular:denaro), with thesesino worth 6 denari and theducato was worth 7 lire. The currency was replaced by theFrench franc.
After the re-establishment of Parman independence, a national currency was introduced in 1815. Also called the lira, it was subdivided into 20soldi or 100centesimi. However, this lira was equal to theFrench franc and theSardinian lira, and it circulated alongside the latter. It weighed 5 grams, and had a purity of 9/10 ofsilver.[citation needed] Since 1860, Parma has used the equivalentItalian lira.
In the late 18th century, circulation coins included copper 1 sesino,billon 5, 10 and 20 soldi, silver1⁄2, 1, 3 and 6 lire, and 1/14, 1/7,1⁄2, and 1 ducato. Gold coins were issued in denominations of 1zecchino and1⁄2, 1, 3, 4, 6 and 8doppia.
In 1815, silver coins were introduced in denominations of s.5 and s.10, L.1, L.2 and L.5, together with gold L.20 and L.40. Copper c.1, c.3 and c.5 were added in 1830. All coins until the death of Marie Louise were minted by theAustrian State inMilan. When theHouse of Bourbon rose to the throne in 1847, the Parmanmint was re-opened but the intended issue of copper c.1, c.2 and c.5 was abandoned after the duke Charles III, whose effigy was presented on the coins, was assassinated in 1854. The only issued coin, L.5 of 1858, was struck in 1,000 copies.