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| Issuer | Consorzio degli Istituti di Emissione |
|---|---|
| Year | 1877-1879 |
| Type | Log in to see details |
| Value | 100 Lire (100 ITL) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 100 - CENTO LIRE REGNO D'ITALIA BIGLIETTO CONSORZIALE A CORSO FORZOSO, INCONVERTIBILE. vale CENTO lire Legge 30 Aprile 1874 Il Delegato del Consorzio Il Delegato Governativo CENTO LIRE - 100 La legge punisce i fabbricatori di biglietti falsi, chi li introduce e li usa nel Regno e chi, avendoli ricevuti per veri, li rimette in circolazione dopo conosciutane la falsità. (Translation: 100 - ONE HUNDRED LIRE KINGDOM OF ITALY CONSORTIUM TICKET FORCED TENDER, INCONVERTIBLE. it's worth ONE HUNDRED lire Law 30 April 1874 The Consortium Delegate The Government Delegate ONE HUNDRED LIRE - 100 The law punishes the makers of counterfeit banknotes, those who introduce and use them in the Kingdom and those who, having received them as genuine, put them back into circulation after having discovered their falsity.) |
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| Protection type | Watermark |
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| Comments |
The Consorzio degli Istituti di Emissione was not a bank but a consortium arrangement — a forced pooling of Italy's six note-issuing banks, created in 1874 under the Minghetti government to manage the inconvertible paper currency that had been circulating since 1866. These notes were a collective liability, not the obligation of any single institution. The arrangement was always understood as temporary and was dissolved in 1883 when convertibility was finally restored.
Printing at the San Teodoro workshop in Rome placed production firmly under state supervision rather than with any of the consortium's member banks — a deliberate choice given the political tensions between them.