Debt - external: $NA
Economic aid - donor: ODA, $1 billion (2002 est.)
Currency: euro (EUR); Italian lira (ITL) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Currency code: EUR; ITL
Exchange rates: euros per US dollar - 1.1324 (January 2002), 1.1175 (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)
Fiscal year: calendar year
Communications Italy
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 international: satellite earth stations - 3 Intelsat (with a total of 5 antennas - 3 for Atlantic Ocean and 2 for Indian Ocean), 1 Inmarsat (Atlantic Ocean region), and NA Eutelsat; 21 submarine cables