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Italians Mull Replacing Lira With New Acado Unit
Italian authorities study a plan to cut three zeros from the budget and replace 1,000 lira with a new unit called the acado. Senators Ubaldo de Ponti and Remo Segnana push the idea while Premier AndRestti’s office notes it remains preliminary. The switch would redefine high value notes into larger scurtos and revive the historic scudo name.
MENTIONED IN THIS ARTICLE
Rome
Italy
Seudos
Ubaldo de Ponti
Remo Segnana
Christian Democrat Party
Giwio Andrestti
Tealy