Meanings of Italian lira in English

When the Bundesbank president talked about the Italian lira, it had caused problems a few months back, one official commented.

The Italian lira is worth 28 centimes of the sterling and 21 of the dollar.

EUROPEAN Union finance ministers reached a compromise late yesterday to allow the Italian lira re enter the exchange rate mechanism of the European Monetary System.

But the 1973-74 oil price crisis forces out sterling, the Italian lira and French franc under pressure from the dollar.

THE Italian lira has gained ground as markets reacted positively to the currency's return to the ERM and to hopes of early interest rate cuts.

In consequence, the pound closed yesterday 10.53 per cent above the Italian lira, the weakest currency in the ERM grid.