Eritrean tallero
Encyclopedia
The tallero was the currency
of Eritrea
between 1890 and 1921. It was subdivided into 5 lire
, each of 100 centesimi. The lira was equivalent to the Italian lira
.
From 1885, banknotes denominated in lire were issued by the Italian authorities but in 1890 the silver
tallero, patterned after the Maria Theresa thaler
, was introduced (together with 50 centesimi, 1 and 2 lire coins). The last tallero were minted in 1918. In 1921, the tallero was abandoned and Italian currency circulated alone until banknotes were issued in lire
in 1938.
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
of Eritrea
Eritrea
Eritrea , officially the State of Eritrea, is a country in the Horn of Africa. Eritrea derives it's name from the Greek word Erethria, meaning 'red land'. The capital is Asmara. It is bordered by Sudan in the west, Ethiopia in the south, and Djibouti in the southeast...
between 1890 and 1921. It was subdivided into 5 lire
Lire
Lire is a French literary magazine covering both French and foreign literature. It was founded in 1975 by Jean-Louis Servan-Schreiber and Bernard Pivot.-External links:*...
, each of 100 centesimi. The lira was equivalent to the Italian lira
Italian lira
The lira was the currency of Italy between 1861 and 2002. Between 1999 and 2002, the Italian lira was officially a “national subunit” of the euro...
.
From 1885, banknotes denominated in lire were issued by the Italian authorities but in 1890 the silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
tallero, patterned after the Maria Theresa thaler
Maria Theresa thaler
The Maria Theresa thaler is a silver bullion-coin that has been used in world trade continuously. Maria Theresa Thalers were first minted in 1741, using the then Reichsthaler standard of 9 thalers to the Vienna mark. In 1750 the thaler was debased to 10 thalers to the Vienna Mark...
, was introduced (together with 50 centesimi, 1 and 2 lire coins). The last tallero were minted in 1918. In 1921, the tallero was abandoned and Italian currency circulated alone until banknotes were issued in lire
Italian East African lira
The lira was the currency of Italian East Africa between 1938 and 1941. It was equivalent to the Italian lira and Italian currency circulated, together with banknotes first issued in 1938. In Italian Somaliland, the lira was already circulating...
in 1938.