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The Euro was introduced as the official currency of the European Union as an accounting unit in 1999 and was adopted as coin and paper currency on the 1 Januray 2002 and Italy is a member of the EU. When the currency was adopted for a certain period of time [variable per country] there was dual currency circulation - the former national currency [Italian Lira] and Euros. In Italy this period was extended to almost two years.
What else can I help you with?
What Monetary Unit is used in Italy?
euros/lira
What is the monetary unit in Columbia?
Monetary unit: Colombian Peso
What is the monetary unit for Fiji?
FJD is the monetary unit for Fiji.
What is monetary unit of Thailand?
The baht or satang is the monetary unit for Thailand.
What was UK monetary unit in 1939?
Monetary unit: Pound sterling
What is monetary unit of Morocco?
The monetary unit of morocco is called a Moroccan Dirham.
What is name of former monetary unit of Finland?
what is the former monetary unit of finland
What is the English monetary unit?
They may still use pounds as monetary value
How do you spell Philippine monetary unit?
The Philippine monetary unit is spelled as "peso."
How do you use monetary unit in a sentence?
The monetary unit of the United Kingdom is the British Pound.
What is the Chinese monetary unit called?
Chinese monetary unit - the monetary unit in the People's Republic of China monetary unit - a unit of money kwai, yuan - the basic unit of money in China jiao - 10 jiao equal 1 yuan in China fen - 100 fen equal 1 yuan in China
What impact does inflation have on the monetary unit assumption?
Inflation has a lot of impact on monetary unit assumption. Inflation greatly reduces the value of a monetary unit and acts as a hidden tax on consumers.
