Noun(1) the basic unit of money on Malta; equal to 100 cents(2) the basic unit of money in Turkey(3) formerly the basic unit of money in Italy; equal to 100 centesimi
(1) When the euro went into Italy, the lira suddenly became unpopular with young people.(2) But the 1973-74 oil price crisis forces out sterling, the Italian lira and French franc under pressure from the dollar.(3) When an Italian politician proposed that Italy should exit the euro area and return to the lira , specialists just laughed.(4) Italy's current economic miseries date approximately from the time when the euro replaced the lira .(5) The dollar has taken a hit against almost every major world currency including the British pound, Canadian dollar and Japanese yen, as well as some minor ones like the Turkish lira , Thai baht, and Australian dollar.(6) And the recent movements have to be looked at in the way we used to look at movements of the franc and the Deutsche mark and the lira against each other and against the dollar.(7) Since Turkey plunged into a deep economic crisis in February the lira has plummeted around 60 percent against the dollar.(8) The following day the Italian lira also had to leave the mechanism.(9) Before the euro, Italy kept its boutique manufacturing base competitive by devaluing the lira as often as necessary.(10) Prices of drugs are those pertaining in Italy when available, converting the Italian lira at a rate of 1936.27 to the euro.(11) Many Italians have opted not to use the euro until the end of February, when the lira will no longer be legal tender.(12) Mussolini believed that a weak lira looked bad for Italy when he was trying to create the image of a super-power in Europe.(13) The bill from the hotel came to 1644 Turkish lira followed by six noughts.(14) Currency risk within the euro zone is gone: no need to hedge the lira against the franc, for example.(15) Italians, once among the most enthusiastic supporters of a united Europe, are becoming increasingly disillusioned, so much so that some are suggesting that Italy dump the euro and bring back the lira .(16) Turkey gave up its defence of the lira last week, leaving the currency to drop by a third in just two days and leaving 65 million Turks facing serious inflationary problems and sharply reduced spending power.
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