The scudo was the currency of

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city ...

until 1806. It was subdivided into 6 ''lire'', each of 20 ''soldi'' or 240 ''denari''. The Milanese scudo and lira were then replaced in 1806 by the

Italian lira The lira (; plural lire) was the currency of Italy between 1861 and 2002. It was first introduced by the Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually ...

of the

Napoleonic Kingdom of Italy The Kingdom of Italy (1805–1814; it, Regno d'Italia; french: Royaume d'Italie) was a kingdom in Northern Italy (formerly the Italian Republic) in personal union with Napoleon I's French Empire. It was fully influenced by revolutionary France ...

. Its exchange rate of 27 Milanese lire = 4.5 Milanese scudi = 20.723 Italian lire (each of 4.5 g fine silver) implied a fine silver content of 20.723 g for the scudo. From 1814 to 1866, however, this new currency was supplanted by the Lombardy–Venetian lira of the

Austro-Hungarian Empire Austria-Hungary, often referred to as the Austro-Hungarian Empire,, the Dual Monarchy, or Austria, was a constitutional monarchy and great power in Central Europe between 1867 and 1918. It was formed with the Austro-Hungarian Compromise of ...

, which was based on the Austrian

Conventionsthaler The ''Conventionstaler'' or ''Konventionstaler'' ("Convention ''thaler''"), was a standard silver coin in the Austrian Empire and the southern German states of the Holy Roman Empire from the mid-18th to early 19th-centuries. Its most famous exam ...

. Use of this currency ended only after the

Kingdom of Lombardy–Venetia The Kingdom of Lombardy–Venetia ( la, links=no, Regnum Langobardiae et Venetiae), commonly called the "Lombardo-Venetian Kingdom" ( it, links=no, Regno Lombardo-Veneto, german: links=no, Königreich Lombardo-Venetien), was a constituent land ...

was dissolved in 1866, in favor of solely the

Coins

In the late 18th century, silver coins circulated in denominations of 5 soldi, ½, 1 and 1½ lire, ½ and 1 scudo. Gold coins were also struck in denominations of 1 ''zecchino'', ½ and 1 ''sovrano'', and 1 ''doppia''. The Cispadane Republic issued gold 20 lire coins, whilst the Cisalpine Republic issued silver 30 soldi and 1 scudo coins.

References

* {{refend Currencies of Italy Obsolete Italian currencies Duchy of Milan 1796 disestablishments Escudo