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It must also have recorded the 27.68 billion lire as an investment in CRM in its books.
A desk clerk at the Defense Ministry leaves at 2 P.M., to earn tax-free lire as a plumber.
This summer it bought a large stake in a television company and agreed to give the treasury 3.1 trillion lire as an advance payment for three water businesses.
Until now, most of the euro-area's 300m people have had little to do with it, carrying on with D-marks, francs or lire as if nothing had changed; without notes and coins, the euro doesn't seem real.
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The Italian lira is close to a 30-year low against the dollar ($1 gets you 2,200 lira), as is the Australian dollar ($1 = AUS$2).
The Turkish lira plunged as much as 4.5percentt following the news, its biggest decline in six years.
This position contrasts with Berlusconi's previous call for the reintroduction of the lira as a parallel currency.
Few other analysts see the lira as being that overvalued, with a majority estimating that the Turkish lira is 10 percent to 15 percent more expensive than it should be against the dollar.
This fiscal discipline allowed Italy to meet the strict requirements for adoption of the common European currency, the euro, which replaced the lira as Italy's unit of exchange on January 1 , 1999
April 4, 2014 Back in late January, the Turkish central bank defied Erdogan's wishes and hiked the headline rate to 12%, from 7.75% previously, in a bid to underpin the lira as the emerging market crisis bubbled up.
In a speech on Sunday, Erdoğan warned investors they would pay "a heavy price" for betting against the lira as he took to the campaign trail, rekindling fears among global investors that the government would intervene in the markets.
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