The Bank of Italy is the central bank of Italy, formed in 1893 by the merger of several banks that issued notes, after a scandal at the Banca Romana, which had printed more banknotes than allowed, shook confidence in the banking system. The new bank was given a monopoly on note issue for much of the country and gradually took on the functions of a central bank, such as lender of last resort, and was entrusted with supervision of other banks. Under governors such as Luigi Einaudi and Carlo Azeglio Ciampi, it had an influential role in the country's economic life. It joined the European System of Central Banks with the introduction of the euro, and has been led by Mario Draghi, among others.
Before and after
- 17 January 1893Death of Rutherford B. Hayes
- 20 April 1893Birth of Joan Miró
- 30 April 1893Birth of Joachim von Ribbentrop
- 6 July 1893Death of Guy de Maupassant
- 10 August 1893Founding of Bank of Italy
- 7 September 1893Founding of Genoa CFC
- 19 September 1893New Zealand becomes the first country where women vote
- 28 September 1893Founding of FC Porto
- 20 October 1893Birth of Jomo Kenyatta
More in Society, economy & sport
- 1878Founding of Manchester United F.C.
- 1885Founding of Stanford University
- 23 September 1889Founding of Nintendo
- 1 November 1897Founding of Juventus FC
- 1 January 1901Founding of Australia
- 6 March 1902Founding of Real Madrid Club de Fútbol
The era
This moment belongs to the Industrial era (1760 CE to 1914 CE), steam, factories and revolutions. You can also browse everything in the 19th century.