The currency currently used in Italy is the Euro (€). Italy adopted the Euro in 2002, replacing its previous currency, the Italian lira. The Euro is the common currency for many European Union nations, aiming to facilitate trade and economic stability within the Eurozone. This transition helped streamline transactions and travel across member countries in Europe. The design of Euro banknotes and coins varies by denomination, featuring iconic imagery and cultural symbols representative of European heritage, enhancing a sense of unity among member states.