Vatican lira - Wikipedia Vatican lira Vatican lira lira vaticana ( in Italian ) 500 lire ISO 4217 Code VAL Denominations Subunit 1 / 100 centesimo Subunits were abolished after WWII Plural lire centesimo centesimi Symbol ₤, £ or L Coins Freq. used 50, 100, 200, 500, 1000 lire Rarely used 10, 20 lire Demographics User ( s ) None, previously : Italy, San Marino, Vatican City Valuation ERM Since 13 March 1979, 25 November 1996 Withdrawn 16 September 1992 ( Black Wednesday ) Fixed rate since 31 December 1998 Replaced by €, non cash 1 January 1999 Replaced by €, cash 1 January 2002 € = 1936.27 lire This infobox shows the latest status before this currency was rendered obsolete. indirectly ( 1 : 1 peg to ITL ) The lira ( plural lire ) was the currency of the Vatican City between 1929 and 2002. Contents 1 History 2 Coins 3 See also 4 References 5 External links History The Papal States, by then reduced to a smaller area close to Rome, used its own lira between 1866 and 1870, after which it ceased to exist. In 1929, the Lateran Treaty established the State of the Vatican City and, according with the terms of the Treaty, a distinct coinage was introduced, denominated in centesimi and lire, on par with the Italian lira. Italian coins and banknotes were legal tender in the Vatican City. The Vatican coins were minted in Rome and were also legal tender in Italy and San Marino. In 2002, the Vatican City switched to the euro at an exchange rate of 1 euro = 1936.27 lira. It has its own set of euro coins. Coins The development of Vatican coins largely mirrored the development of the Italian lire coins. In 1929, copper 5 and 10 centesimi, nickel 20 and 50 centesimi, 1 and 2 lire, and silver 5 and 10 lire coins were introduced. In 1939, aluminium bronze replaced copper and, in 1940, stainless steel replaced nickel. Between 1941 and 1943, production of the various denominations was reduced to only a few thousand per year. In 1947, a new coinage was introduced consisting of aluminium 1, 2, 5 and 10 lire. The sizes of these coins were reduced in 1951. In 1955, stainless steel 50 and 100 lire were introduced, followed by aluminium bronze 20 lire in 1957 and silver 500 lire in 1958. The 1 and 2 lire ceased production in 1977, followed by the 5 lire in 1978. Aluminium - bronze 200 lire were introduced in 1978, followed by bi-metallic 500 and 1000 lire in 1985 and 1997, respectively. The 50 and 100 lire were reduced in size in 1992. Beginning in 1967, the Vatican began issuing coins using roman numerals for the year of issue, as opposed to the more common Arabic numerals. Vatican lire coins were discontinued with the advent of the euro. Vatican City has frequently issued its coins in yearly changing commemorative series, featuring a wide variety of themes. While most of these were sold in the form of uncirculated mint sets, a portion of Vatican coins were released into general circulation. See also Vatican euro coins Philatelic and Numismatic Office of the Vatican City State Economy of the Vatican City Index of Vatican City - related articles References Krause, Chester L. ; Clifford Mishler ( 1991 ). Standard Catalog of World Coins : 1801 -- 1991 ( 18th ed. ). Krause Publications. ISBN 0873411501. 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Gibraltar pound ) Bulgarian lev Croatian kuna Czech koruna Hungarian forint Polish złoty Romanian leu Swedish krona European Union portal Numismatics portal This Vatican City -- related article is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Vatican_lira&oldid=730643514 '' Categories : ISO 4217 Currencies of Vatican City Modern obsolete currencies Currencies replaced by the euro Currencies of Europe 1929 establishments in Vatican City 2002 disestablishments Vatican City stubs Hidden categories : Articles with Italian - language external links All stub articles Talk Contents About Wikipedia Languages Беларуская Български Čeština Deutsch Español فارسی Français Galego 한국어 Hrvatski Íslenska Italiano עברית ქართული Lietuvių Nederlands 日本 語 Română Русский Slovenčina Српски / srpski Suomi Українська Edit links This page was last edited on 20 July 2016, at 10 : 56. About Wikipedia

Question: what is the currency used in vatican city
Answer: euro