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10 000 Lire

Issuer Banca d'Italia
Year 1947-1950
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Composition Paper
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Obverse lettering DECRETO MINISTERIALE 8 SETTEMBRE 1947
DECR. MIN. 14 AGOSTO 1947
DECRETO MINISTERIALE 3 AGOSTO 1945
BANCA D'ITALIA
CAPITALE VERSATO LIRE 300.000.000
Lit 10.000
Titolo provisorio al portatore e a vista equivalente a biglietti di banca per la somma complessiva di lire Diecimila
IL GOVERNATORE
IL CASSIERE
OFFICINA CARTE-VALORI BANCA D'ITALIA - ROMA
(Translation: Ministry Decree 8 September 1947 / Ministry Decree 14 August 1947 / Ministry Decree 3 August 1945 / Bank of Italy / Paid-up capital 300,000,000 lire / 10,000 lire / Provisional bearer security payable on demand equivalent to banknotes for the total sum of ten thousand lire / The Governor / The Cashier / Banknote Printing Works, Bank of Italy - Rome)
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Reverse lettering LIRE 10.000
(Translation: 10 000 Lire)
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Comments

This high-denomination note was introduced in 1947 as Italy was still reconstructing its monetary framework after the devastation of the war and the occupation-era inflation that had made smaller denominations nearly worthless. The 10,000 Lire represented serious purchasing power — roughly equivalent to a skilled worker's monthly wage at the time of issue — which kept it largely out of everyday retail circulation and confined it to commercial and interbank transactions.

Printed in-house by the Banca d'Italia's own security printing works in Rome, the series ran through 1950 before being superseded. Hoarding was common at this denomination, which paradoxically means worn examples carry more genuine circulation history than pristine ones.

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