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10 000 Lire

Issuer Banca d'Italia
Year 1945-1947
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Composition Paper
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Obverse lettering BANCA D'ITALIA CAPITALE VERSATO LIRE 300.000.000 L. it 10.000 Titolo provisorio e a vista equivalente a biglietti di banca per la somma complessiva di lire Diecimila IL GOVERNATORE IL CASSIERE
(Translation: Bank of Italy Paid-up capital 300 000 000 lire 10 000 Italian lire Provisional and on demand security equivalent to banknotes for the total sum of ten thousand lire The governor The cashier)
Reverse description The reverse is dominated by the large denomination numeral and text "LIRE 10.000" rendered in bold serif lettering against a fine guilloche underprint in salmon-pink tones, framed by a plain rectangular border.
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Comments

This series was issued during the immediate postwar period, when Italy's currency had been catastrophically inflated by wartime spending, Allied Military Currency injections, and the near-total collapse of industrial output. The 10,000 Lire denomination — enormous by prewar standards — was a direct consequence of that inflation, and its existence marks how far the lira had fallen in real purchasing power by the mid-1940s.

Printed on a notably elongated format, this note was produced under difficult conditions at a time when the Banca d'Italia was still reconstituting normal operations following the war. Known to develop brittleness along the horizontal fold lines due to paper quality constraints of the period.

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