San Marinese lira

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San Marinese lira
5 lire coin from 1981
Country: San MarinoSan Marino San Marino
Subdivision: 100 centesimi
ISO 4217 code : SML
Abbreviation: ₤, L. or £
Exchange rate :
(fixed)

1 EUR = 1936.27 SML
1000 SML = 0.51646 EUR

The San Marino lira (plural lire , ISO code SML) was the official currency in San Marino until December 31, 2001 . It had parity with the Italian and Vatican lira . All three currencies were legal tender in San Marino, Italy, and Vatican City . The San Marinese lira was only in circulation in the form of coins and the country used Italian banknotes. The coins were produced by the Italian state mint, Istituto Poligrafico e Zecca dello Stato, in Rome .

history

The lira was introduced in 1861 as part of the political unification of Italy based on the model of the Sardinian lira and replaced the different currencies of the old Italian states. The Republic of San Marino, which did not want to join the newly founded kingdom, founded a monetary union with Italy on March 22, 1862. The San Marinese lira was tied 1: 1 to the Italian lira. The country reserved the right to issue its own coins and made use of this for the first time in 1864 with the issue of a copper 5 centesimi coin. Until 1938, coins with denominations of 5, 10 and 50 centesimi as well as 1, 2, 5, 10 and 20 lire were issued in irregular succession. After a break of 34 years, the issue of coins began again in 1972, whose denominations and dimensions corresponded to the respective Italian coins. The motifs were changed annually.

On January 1, 2002, the lira was replaced by the euro. The exchange rate was 1 euro = 1936.27 lire. Since then, San Marino has minted its own euro coins .

literature

  • Colin R. Bruce, Thomas Michael: 2008 Standard Catalog of World Coins 1901-2000. Krause Publications, Iola WI 2007, ISBN 978-0-89689-500-3 .

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