Allied Military Government

Allied Military Gouvernment

Issue 1944

NOTE: The Allied Military Currency (lira) was issued by the Allied Military Government in Italy between 1943 and 1950.
On July 3, 1943, Allied troops landed in Sicily, and on September 3, on the continental part of Italy. On September 8, Italy surrendered. As a result of offensive operations, by the end of 1943, the Allies occupied about a quarter of the territory of Italy. It was administered by the Allied Military Gouvernment of Occupied territories (AMGOT), renamed the Allied Military Government in October 1943.
In 1943, the Allied Military Government began issuing banknotes printed in the United States. The rate was set at $1 = 100 lira, £1 = 400 lira.
The amount of military lira issued exceeded 90 billion lira. In the total amount of all money issued for circulation, they amounted to: in 1943 - 10%, in 1944 - 20%, in 1945 - 23%.
In April 1945, the issue of banknotes was discontinued. In 1946, the Italian government began buying them out. The lira of the Allied Military Command were in circulation in Italy until June 3, 1950, in Zone A of the Free Territory of Trieste - until October 26, 1954.

ALFA
cat. # P
face value
year
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