The tallero was the

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

Eritrea Eritrea ( ; ti, ኤርትራ, Ertra, ; ar, إرتريا, ʾIritriyā), officially the State of Eritrea, is a country in the Horn of Africa region of Eastern Africa, with its capital and largest city at Asmara. It is bordered by Ethiopia ...

between 1890 and 1921. It was worth five lire and was subdivided into ten ''decimi'' (sing. ''decimo''). Five lire coins, engraved by Filippo Speranza, feature Umberto I of Italy with the lettering UMBERTO I RE D'ITALIA · 1896 on the obverse, and an eagle with a shield on the reverse. They weigh 28.1250g with an actual silver weight of 0.7234oz of .800 fineness, and are 40mmin diameter with a thickness of 3.1mm. From 1885,

banknotes A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes w ...

denominated in lire were issued by the Italian colonial authorities. In 1890, the

silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...

tallero, patterned after the

Maria Theresa thaler The Maria Theresa thaler (MTT) is a silver bullion coin and a type of Conventionsthaler that has been used in world trade continuously since it was first minted in 1741. It is named after Maria Theresa who ruled Austria, Hungary, and Bohemia fr ...

, was introduced (together with 50 centesimi, 1 and 2 lire coins). The last tallero were

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in 1918. In 1921, the tallero was abandoned and Italian currency circulated alone until banknotes were issued in lire in 1938.

References

Modern obsolete currencies 1890 establishments in Eritrea 1921 disestablishments in Eritrea Economy of Eritrea History of Eritrea {{Money-unit-stub