Banknotes of Italy

The official currency of Italy is the euro, issued by the Banca d'Italia. Paper money was first introduced in Italy in the 17th century with the creation of banknotes by the Banco di Venezia. A significant event in Italy's currency history was the transition from the lira to the euro in 2002, which included the redenomination of the lira at a rate of 1,936.27 lira to 1 euro. Collectors are particularly drawn to Italy's banknotes for their artistic designs, particularly those from the 1930s. The 1939 series features prominent Italian historical figures and architectural motifs, showcasing the artistry of Italian banknote production during that period. Among these, the 100 lire note depicts the famous Renaissance artist, Michelangelo, adding a distinct allure to the collection.