San Marino Lira ( Italian lira sammarinese , pl. Lire ) - the currency of San Marino from the 1860s until 2002, when it was replaced by the euro . San Marino lira was equated to Italian lira . Both Italian banknotes and coins, and Vatican coins were in free circulation in the territory of San Marino, as well as San Marino coins in Italy and the Vatican . Only coins were issued, Italian notes were used.
| San marina lira | |||
|---|---|---|---|
Lira sammarinese (ital.) | |||
| |||
| Cheats and symbols | |||
| ISO 4217 codes | SML [a 1] | ||
| Characters | L | ||
| Territory of appeal | |||
| Issuing country |  San marino | ||
 Italy Vatican | |||
| Derivative and parallel units | |||
| Fractional | centesimo ( 1 ⁄ 100 ) | ||
| Parallel | Italian lira | ||
| Coins and Banknotes | |||
| Coins | 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000 lire | ||
| Banknotes | not issued | ||
| Story | |||
| Is entered | 1864 | ||
| Withdrawal from circulation | January 1, 2002 — February 28, 2002 | ||
| Successor currency | Euro | ||
| Issuance and production of coins and banknotes | |||
| Mint | State Printing and Monetary Institute | ||
| www.ipzs.it | |||
| Courses and Relations | |||
| 1 ITL = 1 SML | |||
| 01.01.2002 | 1 EUR = 1936 SML | ||
| |||
 Wikimedia Commons | |||
Content
History
The possibility of issuing San Marin coins has been repeatedly discussed since 1608. The minutes of the meeting of the Council of October 28, 1792 recorded the decision to establish a mint in San Marino, but for unknown reasons, this decision was not implemented. The only mint that ever existed on the territory of the republic was the “yard” created in 1781, which produced counterfeit papal coins [1] .
Only with the creation of a single Italian state began negotiations that led to specific decisions on the issue of coins of San Marino. On March 22, 1862, the Italo-San-Marin Coin Covenant was signed, providing for the minting of the republic’s coins in accordance with the monetary system and the coin footprint in Italy [2] .
In 1864, the first coin of San Marino, a copper coin of 5 centesim , was issued at the Mint in Milan , and in 1875, the same coin was also the copper 10 centesimo. Since 1894, coins have been minted at the Mint in Rome . In 1898 silver coinage was started - 50 centesimo, 1 lira, 2 and 5 lira. Coinage was not regular, after the release of coins of 1 and 2 lira in 1906, it was suspended [3] [4] [5] .
On February 10, 1914, an agreement was signed providing for the right to issue gold coins of San Marino. The republic decided to use this right only in 1925, issuing gold coins of 10 and 20 lire [6] .
In 1931, new silver coins were issued in 5, 10 and 20 lire, and in 1935 - bronze 5 and 10 centesimo [4] [7] .
In 1938, the embossing was again suspended. On March 31, 1939 a new convention was signed, under the terms of which the republic refused to further mint its own coins. The convention provided for San Marino’s right to issue gold coins, which were to be minted only in Rome, but the republic did not use this right during the convention [8] .
On September 10, 1971, a new Italian-San Marino Monetary Convention was concluded, providing for the resumption of minting of the republic’s coins, and allowing the use of San Marino coins in Italy along with Italian coins [8] .
In 1972, San Marino issued coins of 1, 2, 5, 10, 20, 50, 100 and silver 500 lire. Coins of San Marino in appearance are somewhat different from the corresponding Italian. In 1978, 200 lire appeared, in 1982 - bimetallic 500 lire, in 1977 - silver 1000 lire, in 1995 - silver 5000 and 10,000 lire, in 1998 - bimetallic 1000 lire. The minting of gold coins started in 1974, but now they were minted not in lira, but in scudo (½, 1, 2, 5 and 10 scudo) [9] [10] [11] .
Banknotes in San Marinas lira were never issued, Italian banknotes were used in circulation. Due to the lack of circulation of small denomination banknotes, the Savings Bank of the Republic of San Marino in 1976 issued bearer checks in denominations of 150 and 200 lira [12] .
The introduction of the euro in San Marino was made in the same terms as in Italy. San Marino and Italian lira were exchanged for euros in the ratio: 1936.27 lire = 1 euro, lira were circulating in parallel with the euro from January 1 to February 28, 2002.
See also
- Euro Coins San Marino
Notes
- ↑ Zanotti, 1991 , pp. 7-8.
- ↑ Zanotti, 1991 , p. eight.
- ↑ Michael, 2015 , p. 1090.
- ↑ 1 2 Michael XX, 2017 , p. 1933.
- ↑ Zanotti, 1991 , pp. 19, 21-27.
- ↑ Zanotti, 1991 , pp. 8, 28.
- ↑ Zanotti, 1991 , pp. 29–39.
- ↑ 1 2 Zanotti, 1991 , p. 9.
- ↑ Michael XX, 2017 , pp. 1933-1956.
- ↑ Michael, 2017 , pp. 1230–1232.
- ↑ Zanotti, 1991 , pp. 9, 40-110.
- ↑ Cuhaj, 2013 , p. 1038.
Literature
- Cuhaj GS Standard Catalog of World Paper Money. Specialized issues .. - 12th ed. - Iola: Krause Publications , 2013. - 1296 p. - ISBN 978-1-4402-3883-3 .
- Michael T. Standard Catalog of World Coins 1801-1900. - 8th ed. - Iola: Krause Publications, 2015. - 1294 p. - ISBN 978-1-4402-4524-4 .
- Michael T. Standard Catalog of World Coins 1901-2000. - 45th ed. - Iola: Krause Publications, 2017. - 2384 p. - ISBN 978-1-4402-4797-2 .
- Michael T. Standard Catalog of World Coins 2001 — Date. - 12th ed. - Iola: Krause Publications, 2017. - 1488 p. - ISBN 978-1-4402-4798-9 .
- Zanotti M., Buscarini C. Monete e Medaglie Commemorative della Repubblica di San Marino. - 2nd ed. - San Marino: Pazzini Industria Grafica, 1991. - 164 p.
Links
- Coin Types from San Marino , worldcoingallery (eng.)
- Coin catalog - San Marino , Global Coins