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Italian Monetary Unit

Description:

The Italian monetary unit refers to the currency used in Italy. Italy's official currency is the Euro (€), which replaced the Italian Lira (₤) in 2002 when the Eurozone was established.

Senses and Usages:

Sense 1: Euro (€) - Primary Currency

As of its adoption in 1999, the Euro became the primary Italian monetary unit and continues to be used as legal tender in Italy. It is the official currency of the Eurozone, a monetary union consisting of 19 member countries.

Sample Sentence: I paid for my gelato in Rome using the Italian monetary unit, Euro (€).

Sense 2: Italian Lira (₤) - Former Currency

Prior to the introduction of the Euro, the Italian Lira (₤) served as the primary monetary unit in Italy. However, it was phased out in 2002 with the Euro's adoption.

Sample Sentence: Some Italians still cherish their old coins and banknotes featuring the Italian monetary unit, the Lira (₤).

Possible Related Products:

• Euro Coins
• Euro Banknotes