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An allegation from a pentito (supergrass) that 20 billion lire of Mafia money had been used to build up Fininvest's television interests triggered their investigation.
As the approved increase was 18 billion lire, that meant up to 18 billion lire of shareholder loans could be received.
For example, a family can buy a GSM digital telefonino for 570,000 lire ($337), a price that includes 50,000 lire of pre-paid calls.
Unlike Monaco's francs, which are not legal tender in France, the lire of San Marino and the Vatican are good throughout Italy.
Moreover, since the lire of San Marino and the Vatican are now good throughout Italy, should their euro coinage be allowed to circulate in all 11 euro countries?
To my great delight, Paolo had managed to secure an attic room for me at an amazingly cheap price – the equivalent in lire of roughly £1 per night.
Similar(47)
The improvements were not reflected in pre-tax profits, which fell by 7.5%, to 2.8 trillion lire on revenues of 18.8 trillion lire for the first half of 1997, but this was partly explained by a government decision to cut electricity tariffs which cost the company 465 billion lire.Mr Tato is equally pugnacious about the future.
Further, 18 months of recession have stripped the Turkish lira of 50percentt of its value against the dollar -- it is now nearly 1.5 million lire to the dollar.
According to regulatory filings, 154 million liras of the group's total 164 million liras in debt is denominated in dollars — about $79 million using current exchange rates.
He's a former stockbroker, indebted to the Cosa Nostra after losing 250bn lira of their money in a bad deal.
Unstable income policies caused high inflation around 7.9%—and depreciation in the lira of approximately 13.2%.
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