what is the equivalent of cents in euro
Euro coins There are eight different denominations of euro coins: 1c, 2c, 5c, 10c, 20c, 50c, €1 and €2.[12] The 1c, 2c and 5c coins show Europe in relation to Asia and Africa in the world.[12] The remaining coins show the EU before its enlargement in May 2004 if minted before 1 January 2007, or a geographical map of Europe if minted after.[12] Coins from Italy, San Marino, the Vatican City, Austria and Portugal show the geographical map if minted in 2008 or later.[12]
Italian lira 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.