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What is the currency code for Italian lira?

Our currency rankings show that the most popular Italian Lira exchange rate is the ITL to USD rate. The currency code for Italian Lire is ITL. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. The currency code for US Dollars is USD. The currency symbol is $. Send money online fast, secure and easy.

When did Italy devalue the lira?

After the war, the value of the lira fluctuated, before Italy set a peg of $1 = Lit 575 within the Bretton Woods System in November 1947. Following the devaluation of the pound, Italy devalued to $1 = Lit 625 on 21 September 1949. This rate was maintained until the end of the Bretton Woods System in the early 1970s.

What is the abbreviation for Italian lira?

There was no standard sign or abbreviation for the Italian lira. The abbreviations Lit. (standing for Lira italiana) and L. (standing for Lira) and the signs ₤ or £ were all accepted representations of the currency. Banks and financial institutions, including the Bank of Italy, often used Lit.

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