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1943 Italy Under Allied Occupation 1 Lire Note P# M10B Grades Choice CU

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:25.00 - 100.00 USD
1943 Italy Under Allied Occupation 1 Lire Note P# M10B Grades Choice CU
1943 Italy Under Allied Occupation 1 Lire Note P# M10B Grades Choice CU. The AM-lira was the currency issued in Italy by Allied Military Government for Occupied Territories (AMGOT) after the Allied invasion of Sicily in 1943. 100 AM-lire were worth 1 US dollar, and there were two issues: 1943 and 1943A. Totally interchangeable with the normal Italian lira for military decision, it contributed to high inflation that hit Italy towards the end of World War II. Due to rampant inflation, Italy ultimately did not reissue the banknotes for 1 and 2 lire, which had since become useless. After 1946, the AM-lira ceased to be the sole currency and were used along with normal notes, until June 3, 1950.