>A senior police officer revealed this week that Italian criminal organizations are still using the pre-euro Italian lira for illicit transactions.
>“We still discover big amounts of liras,” Giuseppe Arbore, a deputy in the Guardia di Finanza, which investigates financial crimes, said at a parliamentary hearing on Thursday. “Italian liras still constitute parts of illicit transactions.’’
>The lira ceased to be legal tender at the end of February 2002. It’s not clear how the former notes are ultimately exchanged for euros, if at all. Under current legislation, it’s not possible to convert lira, and the Bank of Italy years ago transferred the equivalent value of the currency still in circulation to the state, around 1.2 billion euros, according to the central bank’s website.
Italy will go back to the lira as soon they leave the Eurozone. The Mafia just has an edge over everybody with stacking Lira.
Hunter Morgan
It obviously represents a share of some commodity that is too much of a hassle to move around, so they use these for convenience. I don't know how they would differentiate between these bills and the ones old people probably still have under their couch cushions though.
The officer says they only find very large amounts, so maybe this "mafia crypto" has a very high rate of inflation to prevent anybody from cheating them with pocket change?
It's very interesting, though.
Nathan Stewart
it's like a mafia coupon, what's so hard to understand?
Probably they had a big amount of hidden money they can't change at the time italy switched to euro, so they still use it now.
Ayden Rodriguez
this is the answer.
Hunter Watson
wow it works as money when they stop printing more of it. my dad bought a car for 20000 lire in the early 80s, in the late 90s he got 4 packs of cigarettes.
Anthony Nguyen
FUCK YOU I AM COLORBLIND
COULDN'T THEY JUST PUT THE NAME OF COUNTRY THE BARS?
Jaxon Morales
france is top (11%) germany is next, at (13.7%) greece third at 24.3% italy fourth down at 21.2% Portugal at 19.4% then spain at 19.2% (iberia may aswell merge at this point huh?) then usa at the bottom with 7%
that must suck, my grandpa had deuteranopia, and my brother in law has deuteranomaly
>i managed to avoid that, but eyesight is shit so i only get 20/30 vision with contacts or glasses on)
