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Q: Converting old currencies into Euros ( Answered 5 out of 5 stars,   4 Comments )
Subject: Converting old currencies into Euros
Category: Business and Money > Finance
Asked by: lola907-ga
List Price: $5.00
Posted: 08 Dec 2005 04:24 PST
Expires: 07 Jan 2006 04:24 PST
Question ID: 603091
Can I still convert old Italian lire into Euros? If so, how?  I found
a collection of notes in my drawer!
Subject: Re: Converting old currencies into Euros
Answered By: alanna-ga on 08 Dec 2005 09:35 PST
Rated:5 out of 5 stars
Hi lola907-ga, 

You're in luck because you can exchange lire banknotes and coins for
Euro up until 31 December 2012.  To quote the Bank of Italy's own 2001

"It will in any case be possible to exchange lira banknotes and coins
free of charge at the branches of the Bank of Italy for a period of 10
years, i.e., until 1 March 2012."

The Bank of Italy (Banco d'Italia) has branches throughout Italy.  You
may also want to contact one of their foreign branches to see if you
can make your exchange there.

The exchange deadline information may be found at;internal&action=_framecontent.action&Target=_self

	Click on <Final stage of the changeover to the Euro (pdf 34kb)>, then
go to page 4 of the pdf document.

Note:  If you do not have  Acrobat Reader for pdf documents, you may
download one free at

Search strategy:  

italian central bank 


Enjoy your proceeds.

lola907-ga rated this answer:5 out of 5 stars and gave an additional tip of: $15.00
Responsive to the question, quick and very helpful.  Thanks Alanna for your help!

Subject: Re: Converting old currencies into Euros
From: pazevedo-ga on 08 Dec 2005 08:37 PST
You have 20 years since the euro started circulating to exchange old bills.
I'm not sure what the rate will be though, euro has gained value since
it started circulating so i'm not sure if banks, and other places
where you can make the switch, will take that into account or will
just make the exchange at the initial value.
Subject: Re: Converting old currencies into Euros
From: pazevedo-ga on 08 Dec 2005 10:28 PST
The answer is interesting, i was under the impression the time was all
the same across Europe, in Portugal we get 20 years.
Subject: Re: Converting old currencies into Euros
From: indistinguishable-ga on 08 Dec 2005 12:42 PST
it differs per country, it's determined by the national banks.
Subject: Re: Converting old currencies into Euros
From: owain-ga on 09 Dec 2005 08:41 PST
The value of the Euro has changed against the US dollar (and other
currencies) but not against the pre-Euro currencies, which were all
pegged to a fixed exchange rate to the Euro.

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