GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Italian peso
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Italian peseta
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Euro
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Italian liire
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Detailed explanation-1: -The euro banknotes and coins were introduced in Italy on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as ‘book money’.
Detailed explanation-2: -The European Union introduced the Euro as the common currency between member countries as a way of creating economic equilibrium. Italy had several reasons for adopting the Euro – encouraging investment, promoting trade, and securing support from other member countries are a few reasons.
Detailed explanation-3: -The euro is the monetary unit and currency of the European Union, represented by the symbol €. It began as a noncash monetary unit in 1999 before being issued as currency notes and coins in 2002.