Currency: Italian lira (ITL); euro (EUR)
note: on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in Italy at a fixed rate of 1,936.27 Italian lire per euro and will replace the local currency for all transactions in 2002
Currency code: ITL; EUR
Exchange rates: euros per US dollar - 1.0659 (January 2001), 1.0854 (2000), 0.9386 (1999); Italian lire per US dollar - 1,688.7 (January 1999), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996)
Fiscal year: calendar year
Italy Communications
Telephones - main lines in use: 25 million (1999)
Telephones - mobile cellular: 20.5 million (1999)
Telephone system: general assessment: modern, well developed, fast; fully automated telephone, telex, and data services
domestic: high-capacity cable and microwave radio relay trunks