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The Banca d'Italia issued banknotes in Italian lire, and the "mille" refers to 1,000 lire. However, the Italian lira was replaced by the euro in 2002, and the exchange rate at that time was approximately 1,936.27 lire to 1 euro. Consequently, 1,000 lire would be worth about 0.51 euros today, though the collectible value may vary based on the note's condition and rarity.

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