Bank of Italy withdrew 50% of liras at end Jan

ITALY - The Bank of Italy has withdrawn just over half of the old liras in circulation with less than a month to go before the currency is to be entirely replaced by euros, Bank Of Italy Governor Antonio Fazio said Saturday.

"As of 31 January, we've taken back 1.7 billion bills worth ITL68.5 trillion (EUR35.4 billion), slightly more than 50% of the total value in circulation," Fazio told an annual forex conference in Lodi, a town near Milan.

In exchange for the old currency, he said a total of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: