Vatican lira
1 EUR = 1936.27 VAL 1000 VAL = 0.51646 EUR
The Vatican lira ( "pound ", hence the currency symbol £, ISO code VAL) was until 31 December 2001 the official currency in circulation in the Vatican City.
History
The portraits of the popes have been mapped to coins for well over 1000 years. It was issued by the pope as temporal ruler of regular coins. These were issued in different currencies prevailing Denarius, Florin, Ducat, Doppia and Scudo, until 1866, the lira was introduced. The Papal States used then in 1866 the lira, which was pronounced by the standards of the Latin Monetary Union before it was occupied by Italian troops in 1870 and dissolved.
Was founded in 1929 with the signing of the Lateran Treaties, the Vatican City, in accordance with the embodiments of the contract had the right to set their own coins. The Vatican lira was pegged to the Italian lira and divided into 100 Centesimi. Italian and Sammarinese coins and banknotes were accepted as means of payment in the Vatican City. Conversely, were the Vatican coins were minted in the state, mint Italian Istituto Poligrafico e Zecca dello Stato in Rome, cash in Italy and San Marino.
In 2002, the Vatican City the euro. The exchange rate was 1 euro = 1936.27 lira. Since then, the Vatican City has its own euro coins.
1929, 5 - and 10 - Centesimi coins of copper, 20 - and 50 - Centesimi coins and 1 - and 2- lire coins of nickel and 5 - introduced and 10 lire coins of silver. In addition, there was a 100 - lire gold coin. 1939 replaced aluminum - bronze copper coins and 1940, the nickel coins were replaced by steel. Between 1941 and 1943, only a few thousand pieces were coined by these denominations.
The Vatican City introduced a new coin 1947 Aluminium: 1, 2, 5 and 10 lire. The size of these coins was reduced in 1951 and 1955, new 50 - and 100 - lira coins introduced in steel. These were followed in 1957 a 20 - lire piece of aluminum bronze and 1958, a 100 - lire piece of silver. Production of 1 - and 2- lire coins was discontinued in 1977, the 5- lira coins 1978 For 200 - lire pieces in aluminum - bronze 1978 were introduced, followed in 1985 by a 500 Lire bimetal piece and. 1997 by a 1000 - lire piece.