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50 Lire Allied Military Currency
| Issuer | Allied Military Authority |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 153 x 60 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CINQUANTA 50 FIFTY LIRE ISSUED IN ITALY ALLIED MILITARY CURRENCY SERIES OF 1943 A CINQUANTA LIRE |
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| Variants | P#M20a - Series of 1943 A P#M20b - Series of 1943 A (without serif on serial number) |
| Comments |
Allied Military Currency for the Italian theater was produced in the United States under a joint Anglo-American agreement, with the U.S. series printed by Forbes Lithograph in Boston and a parallel British-printed series produced simultaneously. The arrangement was contentious from the start — the Italian government, excluded from the decision entirely, objected strenuously to the unlimited issuance authority the Allies reserved for themselves, and with good reason. No ceiling on printing volume was ever formally enforced.
The resulting inflation was severe. AM lire flooded the Italian economy well beyond what occupation needs required, and Italian authorities later estimated the currency contributed materially to the postwar monetary crisis that persisted until the 1947 stabilization.