What is the Currency in Italy? Italy is a member of the European Union and the eurozone. The euro (€) is the official currency of the country. The euro is divided into 100 cents, and there are banknotes in denominations of 5, 10, 20, 50, 100, 200, and 500 euros. There are also coins in denominations of 1, 2, 5, 10, 20, and 50 cents, and 1 and 2 euros. The euro was introduced in Italy on January 1, 2002,
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