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Santo Marino

Issuer San Marino
Year 2025
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Composition Paper
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Obverse lettering EUROPA SAN MARINO Libertas 2000 SCUDI SAN MARINO SANTO MARINO
Reverse description The Witches' Pass, the scenic path connecting the first two towers of San Marino on Monte Titano, is illustrated across the central field with architectural and landscape detail. The national coat of arms of San Marino appears as a secondary vignette element. A lengthy collector's disclaimer inscription in Italian and the denomination are arranged within the lower register, framed by fine guilloche border work.
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San Marino has no central bank and no independent currency. It uses the euro under a monetary agreement with the European Union, which means it issues euro coins under its own authority but has never issued euro banknotes — those remain an ECB monopoly. A San Marino paper banknote dated 2025 does not correspond to any known issuance.

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