MONET AND CREDIT
1025
Money and Credit.
-otes and bank notes in circulation in lire : —
— 1916 1019
State notes . ! 1,082,102,!
Bank ii (2,600
The total coinage, from 1862 to the end of 1919 was : fold, 490,840,430 lire; lilver, 694,028,777 lire; nickel, 86,295,678 lire; bronze, 85,474,017 lire; total, 1, '276,638, 903 lire, exclusive of recoinage.
The nominal Talue of the money coined (including reooinage) in each year: —
Gold
Silver
Nickel
Bronze
Total
Lire
Lire
Lire
1913
k,MB,4W
10,197.050
4,308,000
m,Mo
1916
—
23,081,004
139,250
38 810 254
—
21,979,82*
—
98,710
6,076
191?
—
8,619,400
339,300
8,858,680
1919
1,345
■ 000
On December 31, 1919, the actual currency consisted of 2,108,254,450 lire of State notes, 9,883,663,800 lire of bank notes, and about 94,470,799 lire of copper and nickel coin.
There is no national bank in Italy. According to the law of August 10, 1S93, there are only three banks of issue : the Banca d' Italia, the Banco di Napoli, and the Banco di Sicilia. Assets and liabilities of these hanks on December 31. 191. ■
-
JteMU
-
- .ie.«
Cash .... Various seenritiew .
Lire
Myiti, mfrn
51,069,839,133
Capital ... •n Accounts current, Ac. . and valuables »it«d . Various ....
Total .
MyMtyM
"18,047
29,779,1 1,996,888,776
Total .
51,089
On December 81, 1919, the gold reserve amounted to 1,056,774,792 lire ; the silver reserve to 114,818,853 lire ; and the note circulation to 16,281,342,600 lire.
On June 30, 1918, there were 747 co-operative credit societies and popular banks, 1,904 rural banks, 221 ordinary credit companies, and 10 agrarian credit institutions, and (January, 1918) 11 credit foncier com- panies, of which 4 were in liquidation, with 789,739,000 lire ol ' cartelle fondiarie' in circulation, and with 739,073,156 lire of 'mutui con ammorta- mento.'
The following table gives statistics of the savings-banks on December 31, 1919:-
flce savings-banks
OttOM DtfttttM
Total
Deposit* Repayment* daring year daring year
UN Lire
, lxvjo \."»* s.i*v .91 ,Mi
!,4t8jWl,m
8,215,808,840
