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Italy (Euro)
Italy officially uses the Euro as the local currency having introduced Euro notes and coins at the beginning of 2002 to replace the Italian lira. The Euro is divided into 100 cents.
Currency regime
The Euro floats against the other major currencies with the European Central Bank (ECB) targeting inflation rather than the exchange rate, although intervention will be considered in exceptional circumstances.
Travellers cheques should be taken in Euros.
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