E 'on line the new section "DEBT" (Kingdom of Italy - the Italian - Italian Republic), with photographs, description, listing and selling price. One section in this area of \u200b\u200bcollecting financial of Scripofilia. Click here to access
A little 'history:
to public debt includes the debt of the state against other players, private individuals, companies, banks or individuals foreigners, who signed bonds (which, in Italy, BOT and CCT) to cover the financial requirements state that cover any deficit.
In 1849 he was in the Piedmont National Bank of the Sardinian States, privately owned. The interested Cavour, who in fact had their interests in the bank; Savoyard parliament imposed on such institutions make the state treasury. It was, therefore, a private bank that issued the state money and ran! At that time the issue of paper money was made only from Piedmont, unlike the Bank of the Two Sicilies issued gold coins and silver. The paper money of Piedmont also had a gold reserve (20 million), but the report was that every three pounds of paper were worth a pound of gold. The fact is that, for the constant wars that the biscuits were, that simulacrum of convertibility into gold went to hell, so that even before 1861, Piedmont paper money had become waste paper for the issuance that if they did. (We wonder then that the U.S., have done the same thing, when on August 15, 1971, at Camp David Nixon announced his decision to suspend the convertibility of the dollar into gold, and the unilateral abrogation of the Bretton Woods "released" by the dollar exchange rate with the gold.)
Happened the conquest of the peninsula, the Piedmontese put their hands in the banks of the newly conquered states. Of course, the National Bank of the Sardinian States became, after some time, the Bank of Italy. Piedmont took employment was immediately prevented the Tour of the Two Sicilies (later divided into Banco di Napoli and Banco di Sicilia) to round up the market to own gold coins to turn them into paper money according to the laws of Piedmont, as in this way the Banks (the South mistreated) could issue paper money for a value of 1.2 billion and in so doing they might become masters of the whole Italian financial market. Instead, the gold slowly passed into the coffers of Piedmont. However, despite all that gold raked the South, the new Bank of Italy turned out not to be part of that gold in its reserves. Apparently he had taken other routes, which were those of the funding for start-ups in the north operated by banks, immediately made for the occasion, who were members (!) Of the Bank of Italy: Credit securities of Turin, Discount Bank and Sete di Torino, Cassa General Fund reduction of Genoa and Turin. The robbery made and the issue of paper money had not controlled the effect that it was decreed as early as May 1, 1866, the fiat, that the pound paper could no longer be changed into gold. From there began to rise to the Public Debt: the State began to ask for funding that paper money in a private bank.
1861. The year of the unification of Italy.
In 1849 he was in the Piedmont National Bank of the Sardinian States, privately owned. The interested Cavour, who in fact had their interests in the bank; Savoyard parliament imposed on such institutions make the state treasury. It was, therefore, a private bank that issued the state money and ran! At that time the issue of paper money was made only from Piedmont, unlike the Bank of the Two Sicilies issued gold coins and silver. The paper money of Piedmont also had a gold reserve (20 million), but the report was that every three pounds of paper were worth a pound of gold. The fact is that, for the constant wars that the biscuits were, that simulacrum of convertibility into gold went to hell, so that even before 1861, Piedmont paper money had become waste paper for the issuance that if they did. (We wonder then that the U.S., have done the same thing, when on August 15, 1971, at Camp David Nixon announced his decision to suspend the convertibility of the dollar into gold, and the unilateral abrogation of the Bretton Woods "released" by the dollar exchange rate with the gold.)
Happened the conquest of the peninsula, the Piedmontese put their hands in the banks of the newly conquered states. Of course, the National Bank of the Sardinian States became, after some time, the Bank of Italy. Piedmont took employment was immediately prevented the Tour of the Two Sicilies (later divided into Banco di Napoli and Banco di Sicilia) to round up the market to own gold coins to turn them into paper money according to the laws of Piedmont, as in this way the Banks (the South mistreated) could issue paper money for a value of 1.2 billion and in so doing they might become masters of the whole Italian financial market. Instead, the gold slowly passed into the coffers of Piedmont. However, despite all that gold raked the South, the new Bank of Italy turned out not to be part of that gold in its reserves. Apparently he had taken other routes, which were those of the funding for start-ups in the north operated by banks, immediately made for the occasion, who were members (!) Of the Bank of Italy: Credit securities of Turin, Discount Bank and Sete di Torino, Cassa General Fund reduction of Genoa and Turin. The robbery made and the issue of paper money had not controlled the effect that it was decreed as early as May 1, 1866, the fiat, that the pound paper could no longer be changed into gold. From there began to rise to the Public Debt: the State began to ask for funding that paper money in a private bank.
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