250 Lire Banca Agricola Commerciale della Repubblica di San Marino

San Marino's currency arrangements have always been anomalous. As a microstate using the Italian lira under successive monetary conventions, San Marino was permitted to issue its own notes and coins — but in practice, locally issued banknotes were rare and the circulating medium was overwhelmingly Italian. This 250 Lire note from the Banca Agricola Commerciale is an unusually low denomination for a domestically issued instrument in 1977, by which point Italian inflation had already rendered 250 Lire nearly trivial in purchasing terms.

MICR encoding on a note of this value and origin suggests it was designed with interbank processing in mind rather than everyday hand-to-hand use.