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5000 Lire

Issuer Banca d'Italia
Year 1947-1949
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Currency Lira (1861-2001)
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Obverse description The note is printed in blue on a light ground with a guilloche underprint. The heading 'BANCA D'ITALIA' appears across the upper portion, flanked by a circular intaglio vignette of the Medusa head at centre, which also serves as the Bank's seal. The main body carries the provisional bearer clause in Italian script lettering, with the serial number in the upper left and the denomination 'Lit. 5.000' to the upper right. Two signature panels for the Governor and the Cashier appear at the lower centre, with ministerial decree references printed vertically in the left margin.
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Signature(s) Einaudi & Urbini 08.09.1947, 18.11.1947, 17.12.1947 & 28.01.1948
Menichella & Urbini 22.11.1949
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Comments

Luigi Einaudi signed this note in his capacity as Governor of the Banca d'Italia before becoming President of the Republic in May 1948 — the signature dates span that transition, making the later Menichella-signed issues a direct consequence of his departure from the governorship. Donato Menichella, who replaced him, had previously been dismissed by the Allies in 1944 over his wartime conduct, then quietly rehabilitated.

At 5,000 Lire, this was the highest denomination in general circulation during Italy's postwar reconstruction and the period of acute inflation that preceded the 1947–48 stabilization. The Officina Carte-Valori had resumed full operations in Rome only after significant wartime disruption to the printing infrastructure.

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