Battle for the Lira
economic policy of Italian fascism

The Battle for the Lira was an economic policy undertaken by the Fascists in Italy during the 1920s as an attempt to raise the claims of Italy becoming a great power.
Background
When Benito Mussolini took over as Prime Minister of Italy in 1922 the economy was in a bad state following World War I. Between 1922 and 1925, the financial and economic situation generally improved dramatically and this helped to increase the power of Italy, who strived to be one of the world's leading countries.
Italy wanted to restore some of its purchasing power. But in order for this to happen it was vital that they strengthen the lira. Mussolini took the view that a weak lira would look bad for the country when presenting Italy as a great power across Europe and the United States.
Details
Aims
The policy had a number of aims. These comprised:
to fix the lira at a rate of Lit. 92.46 ("Quota 90") to sterling (£ stg)
to reduce inflation
to confirm the image of Fascism bringing stability
to show the world that Italy could be a great force, with a strong, desirable currency
In October 1922 (when Mussolini first became prime minister), Lit. 90 to £1 stg had been the prevailing rate but it had declined sharply, even reaching Lit. 150 to £1 stg in 1926.
“Battle for the Lira” enters the record as economic policy of Italian fascism. Crown Archives preserves that source wording while asking what Battle, Lira and economic can confirm, complicate or overturn.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Jun 15, 2026. The linked authority identifier is Q4870184. None of the 0 selected statements returned an explicit reference. The first chronological checks are 1922, 1925 and 1926.
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This entry incorporates text from “Battle for the Lira” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.