Can you still exchange italian lire?

Question

when i was cleaning out my great grandfathers house i found a significant high amount of italian lire can i still exchange them or just throw them away

Answer 1

yes, unitl 2012 (but not the coins) but in the italian central bank.
and you should check if they are the latest version. in the seventies some banknotes changed and those can't be converted into euros anymore

Answer 2

Right now, you could try to exchange them only with the Italian Central Bank. No more retail banks would take them.
The other thing that you have to know is that the Italian Lire was way of the charts meaning that one thousand Lire use to worth around half a Euro or Dollar.
Google up "italian Lira" you will get all info needed

Answer 3

Depending on how many hundreds of thousands OR millions of Lire you have, you might want to keep them as memorabilia. I can't judge the value of that but they aren't printing them any more and a couple of generations below you will have never heard of them.

My dad traveled to over a hundred countries during 28 years in the military (WWII to Vietnam) and he collected money from almost all of those. I still have it, some dating back to the 1930's and from countries that haven't even existed in decades. I could not have asked for anything more than these bills and coins and the thorough descriptions he gave me of each place before he died.

I realize this type of stuff means absolutely nothing to some folks, so it's a very personal thing. Just a thought!

I still collect money everywhere I go to hand down to someone below me. I've been to 70 countries myself and have over 25 pounds of coins and quite a stack of bills.

Answer 4

All lira banknotes in use immediately before the introduction of the euro, as all post WW2 coins, are still exchangeable for euros in all branches of the Bank of Italy until February 28, 2012.

Answer 5

You can exchange it for the Euro and then exchange the Euros into dollars if you wish to do that.