Sammarinese lira

1 EUR = 1936.27 SML 1000 SML = 0.51646 EUR

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

History

The lira was introduced in 1861 as part of the political unification of Italy, following the example of the Sardinian lira and replaced the different currencies of the old states. The Republic of San Marino, the newly founded Kingdom did not want to join them, founded on March 22, 1862, a monetary union with Italy. The Sammarinese lira was 1:1 bound to the Italian lira. The country reserved the right to own coin issues and made it for the first time in 1864 with the issuance of a copper 5 - Centesimi coin use. Until 1938, were irregularly coins of value levels 5, 10 and 50 Centesimi, and 1 output 2, 5, 10 and 20 lire. After a break of 34 years, since 1972 with the issuance of coins started, corresponding to the respective Italian coins in their value levels and dimensions. The motifs were changed annually.

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