The tallero was the currency of Eritrea between 1890 and 1921. It was subdivided into 5 lire, each of 100 centesimi. The lira was equivalent to the Italian lira.
From 1885, banknotes denominated in lire were issued by the Italian authorities but in 1890 the silver tallero, patterned after the Maria Theresa thaler, was introduced (together with 50 centesimi, 1 and 2 lire coins). The last tallero were minted in 1918. In 1921, the tallero was abandoned and Italian currency circulated alone until banknotes were issued in lire in 1938.