Centesimi meaning

Centesimi definitions

Italian centesimi refer to the subunits of the Italian lira, the former currency of Italy prior to its adoption of the euro in 2002. Centesimi were equivalent to one-hundredth of a lira, making them the smallest denomination of the currency.

History of Centesimi

Centesimi were first introduced in the mid-19th century when the lira was established as Italy's official currency. The denomination was used in circulation alongside larger denominations, such as the lira itself, as a way to facilitate smaller transactions.

Usage and Value

Like other subunits of currencies, centesimi were primarily used for transactions involving amounts smaller than one lira. They were commonly used in everyday purchases, such as buying groceries or paying for public transportation.

Coinage

Centesimi were mainly minted in coin form, with various denominations ranging from 1 to 100 centesimi. The coins featured different designs and were made of different metals depending on the denomination. They were commonly issued in copper, nickel, and aluminum materials.

Withdrawal from Circulation

After Italy adopted the euro as its official currency in 2002, the lira and its subunit, the centesimi, were demonetized. The coins and notes were withdrawn from circulation, and euro coins and banknotes became the new legal tender.

Collectibility

Despite no longer being in circulation, centesimi coins are still collected by numismatists and coin enthusiasts. Some collectors value these coins for their historical significance, unique designs, and rarity, making them sought-after items in the numismatic community.

In conclusion, centesimi played an essential role in Italy's monetary system as the subunit of the lira. While no longer in circulation, these coins hold a significant place in the country's numismatic history and continue to be treasured by collectors.

Centesimi Examples

1. She owed him five centesimi for the coffee.
2. The price of the item was listed as 75 centesimi.
3. He only had a few centesimi left in his pocket.
4. They collected donations in increments of centesimi.
5. The street vendor charged ten centesimi for a piece of fruit.
6. She found a few centesimi at the bottom of her purse.
7. The cost of the ride was just 50 centesimi.
8. He saved up all his centesimi for a special treat.
9. The children pooled their centesimi to buy a toy.
10. She needed exact change, down to the centesimi, for the bus fare.

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