<P> After the Allied invasion of Italy , an exchange rate was set at US $1 = 120 lire ( 1 British pound = 480 lire ) in June 1943 , reduced to 100 lire the following month . In German occupied areas , the exchange rate was set at 1 Reichsmark = 10 lire . After the war , the value of the lira fluctuated , before Italy set a peg of US $1 = 575 lire within the Bretton Woods System in November 1947 . Following the devaluation of the pound , Italy devalued to US $1 = 625 lire on 21 September 1949 . This rate was maintained until the end of the Bretton Woods System in the early 1970s . Several episodes of high inflation followed until the lira was replaced by the euro . </P>
<P> After the Allied invasion of Italy , an exchange rate was set at US $1 = 120 lire ( 1 British pound = 480 lire ) in June 1943 , reduced to 100 lire the following month . In German occupied areas , the exchange rate was set at 1 Reichsmark = 10 lire . After the war , the value of the lira fluctuated , before Italy set a peg of US $1 = 575 lire within the Bretton Woods System in November 1947 . Following the devaluation of the pound , Italy devalued to US $1 = 625 lire on 21 September 1949 . This rate was maintained until the end of the Bretton Woods System in the early 1970s . Several episodes of high inflation followed until the lira was replaced by the euro . </P>
what was italy 's currency before the euro
what was italy 's currency before the euro
lira
lira