what is the name of the money used in italy

The official currency used in Italy is the euro, symbolized by € and abbreviated as EUR. Italy has been using the euro since 2002, when it replaced the Italian lira, the country's previous currency. The euro is divided into 100 cents and comes in banknotes of 5, 10, 20, 50, 100, 200, and 500 euros (though the 200 and 500 euro notes are rarely used), as well as coins ranging from 1 cent to 2 euros