|lira sanmarinese (Italian)|
500 sammarinese lire
|ISO 4217 code||SML|
|Since||13 March 1979, 25 November 1996 1|
|Withdrawn||16 September 1992 (Black Wednesday)|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|
Subunits were abolished after WWII
|Symbol||₤, £ or L|
|Freq. used||50, 100, 200, 500, 1000 lire|
|Rarely used||10, 20 lire|
This infobox shows the latest status before this currency was rendered obsolete.
1 indirectly (1:1 peg to ITL)
The lira (plural lire) was the currency of San Marino from the 1860s until the introduction of the euro in 2002. It was equivalent to the Italian lira. Italian coins and banknotes and Vatican City coins were legal tender in San Marino, whilst Sammarinese coins, minted in Rome, were legal tender throughout Italy, as well as in the Vatican City.
San Marino's first coins were copper 5 centesimi, issued in 1864. These were followed by copper 10 centesimi, first issued in 1875. Although these copper coins were last issued in 1894, silver 50 centesimi, 1, 2 and 5 lire were issued in 1898, with the 1 and 2 lire also minted in 1906.
The Sammarinese coinage recommenced in 1931, with silver 5, 10 and 20 lire, to which bronze 5 and 10 centesimi were added in 1935. These coins were issued until 1938.
In 1972, San Marino began issuing coins again, in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 lire, all of which were struck to the same specifications as the corresponding Italian coins. 200 lire coins were added in 1978, followed by bimetallic 500 and 1000 lire in 1982 and 1997, respectively. All of these modern issues changed design every year.
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