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100 Lire - Ioannes Paulus II Territory and Progress

Issuer Vatican City State
Year 1992
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Currency Lira (1929-2001)
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Obverse description Right-facing draped bust of Pope John Paul II, depicted in papal vestments including a zucchetto and mozetta, rendered in a restrained low-relief portrait style. The engraver's signature appears in small characters below the truncation. The circular legend surrounding the effigy reads IOANNES PAVLVS II P.M. AN. XIV MCMXCII, denoting his pontifical title, regnal year, and the Gregorian year 1992.
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Obverse lettering IOANNES PAVLVS II P.M. AN. XIV MCMXCII
(Translation: John Paul II Supreme Pontiff Year 14 1992)
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Additional information

By 1992, the Vatican's 100 Lire denomination had become almost an afterthought in Italian daily commerce — Italian inflation had eroded its purchasing power to near nothing, and the lira itself was less than two years from the currency crisis that would force Italy's humiliating exit from the European Exchange Rate Mechanism in September 1992. Coins like this one circulated freely alongside Italian state issues under the 1929 Lateran Treaty provisions, yet few ever strayed far from Vatican souvenir counters.

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