Prior to its adoption of the euro, Italy used a currency called the lira. The value of the lira was first established in 1861. Before the full adoption of the lira in 1865, various areas of Italy used differing currencies.
The Papal States used a currency called the scudo. Parma, Naples and the Kingdom of the Two Sicilies called their currency the piastra, although the value of the currency varied depending on the issuing state. Sardinia, Parma and Tuscany used an early form of the lira, while the currency issued by Lombardy-Venetia was called a florin. Italy began using the euro in 2002.