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fiogf49gjkf0d Until the euro currency was introduced in 2002
, the Italian unit of money was the lira (plural lire), abbreviated as L or ?. The exchange rate hovers around ?3000 to the pound sterling, about ?1800 to the US dollar. Banknotes come in denominations of ?1000, ?2000, ?5000, ?10,000, ?50,000 and ?100,000, and coins as ?50, ?100, ?200, ?500 and ?1000; there is more than one version of almost any coin, so check your change.
In recent years the economic boom and the glut of visitors in the more touristy cities have conspired to increase prices in Italy. However, the weak lira - and now, the weak euro
- often results in highly favourable exchange rates for sterling and US dollars, which helps keep real costs down. Generally you'll find the south much less expensive than the north: as a broad guide, expect to pay most in Venice, Milan, Florence and Bologna, less in Rome, while in Naples and Sicily prices come down to fairly reasonable levels.
Other useful information
for tourists (each section contains more specific sub-sections):
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