10 Lire Allied Military Currency

Allied Military Currency for Italy was authorized under the 1943 Allied invasion and issued in denominations designed to replace occupied-territory money without acknowledging either the Badoglio government or Mussolini's rump state in the north. The AMC lire were printed in the United States under contract — Forbes Lithograph in Boston handled part of the lower-denomination run — and shipped ahead of the advancing front.

The series drew immediate criticism from the Bank of Italy, which had no role in its issuance and no control over the volume printed. That lack of supply discipline contributed directly to inflationary pressure in liberated zones before Italian monetary authority was restored.

A parallel series, printed in Britain, circulated simultaneously alongside the American-printed notes.