Currency

The currency in Italy is the euro (EUR).

Euro banknotes and coins were circulated on the 1st of January 2002. Twelve European Union countries use the euro as currency. They are Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland.

Euro banknote denominations are 5, 10, 20, 50, 100, 200, and 500. Coin denominations are 1, 2, 5, 10, 20 and 50 cent and 1 and 2 euro.

Prior to Italy becoming a member of the European Union and converting to the euro, the currency was the lira.