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    Home » Italy and the euro

    Italy and the euro

    eub2eub23 February 2008 Euro
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    — last modified 03 February 2008

    Italy is a founding member of the European Union and was one of the first-wave EU countries to adopt the euro on 1 January 1999.


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    Italy at a glance

    Surface area: 301 340 km2
    Population: 59 131 287 (Eurostat 2007)
    Joined the European Union: Founding member (25 March 1957)
    Currency: Euro since 1 January 1999 (formerly Italian lira, ITL)

    Euro information

    Status: Euro-area member since 1 January 1999.

    Fixed conversion rate: €1 = 1 936.27 ITL

    Adoption of the euro: The euro banknotes and coins were introduced in Italy on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as ‘book money’. The dual circulation period – when both the Italian lira and the euro had legal tender status – ended on 28 February 2002.

    Exchange of former national currency: The Banca d’Italia (National Central Bank of Italy) will continue to exchange Italian lira banknotes and coins until 29 February 2012.

    Opinion polls and surveys

    • Public opinion and the single currency (Eurobarometer website)

    Downloads

    • National sides of Italian euro coins
    • Italian commemorative coins

    Websites

    Euro websites

    • Banknotes and coins (Bank of Italy website)
    • Archived websites on the euro

    Institutions

    • Banca d’Italia (Bank of Italy, also in English)
    • Ministero dell’Economia e delle Finanze (Ministry of Economy and Finance)
    • Istituto Poligrafico Zecca dello Stato (Italian Mint)

    Business

    • Euro Info Centres Italy
    • Associazione Bancaria Italiana (Italian Bankers’ Association)

    Consumers

    • Centro Europeo Consumatori Italia (European Consumer Centre Italy)
    • Altroconsumo
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