The currency used in Italy is the Euro (€). Italy adopted the Euro in 2002, replacing its previous currency, the Italian Lira. The transition to the Euro was part of a broader effort among European Union countries to create a unified currency to facilitate trade and economic stability across the region. The Euro is now used by 19 of the 27 EU member countries, indicating a significant step towards greater economic integration within Europe. The Euro allows for easier travel and commerce among member states, simplifying transactions and contributing to a more interconnected European economy.