ITALY
Miniassegni, 1980's Issues

     

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Prime Minister:
Francesco Cossiga
5.8.1979 - 18.10.1980


Prime Minister:
Giulio Andreotti
23.7.1989 - 28.6.1992

ITALY Banknotes, Miniassegni, Ling Format, 1980's

REPUBBLICA ITALIANA
Italian Republic

 
bancanazionalelavoro121187.jpg
P.UNL, N.2000  1,000 Lire 12.11.87
Vittorio Veneto
bancanazionalelavoro121187r.jpg
Back
bancapopolaremilano.jpg
P.UNL, N.2050  1,000 Lire 15.11.87
Milano
bancapopolaremilanor.jpg
Back
 

BACKGROUNDER
Modern Miniassegni (mini-checks) were a special kind of money that circulated in Italy in the late 1970's to replace small change in that period which became scarce. They were later replaced by candy, stamps, coins and phone and in some cities also public transport tickets.

The first modern miniassegni made their appearance in December 1975 (10 December 1975 on the part of San Paolo Bank and had the value of 100 Lire and later they were issued by many banks; with nominal value of 50 , 100 , 150, 200 , 250, 300 and 350 Lire. They were so called because they were bank drafts but smaller than normal.

To overcome the prohibition to issue money (exclusive prerogative of central banks), banks emitted real cashiers checks in small denominations registered to institutions and companies already equipped their turn; in practice, being so bearer securities, were exchanged from hand to hand as if they were real currency.

It circulated 835 different types, issued by 33 banks, for an amount estimated at over 200 billion lire , and probably was a deal for the banks, since many of these pieces of paper were destroyed, partly because of the poor quality of the paper, or ended up in the hands of collectors or even forgotten in a drawer.

The miniassegni disappeared at the end of 1978 when the ' Government Printing Office and Mint State was finally able to overcome the lack of small change caused by inflation which at that time was very high.

Some department stores of miniassegni emitted in the form of "Good Goods" and even circulated of miniassegni false. Someit were issued as figure series, called tourist issues, so named because they used printed images or photographs. These figure series were issued in limited quantities and selling prices were high , making the collection of these  miniassegni available to only a few collectors.

Why revolved miniassegni was the lack of coins from 100 to 50 Lire, they were going to end up as vignettes in Swiss watches, each coin was rewarded more than double its value, earning both manufacturers of watches that what brought coins

Gildo of Fantardi composed the song I Miniassegni [1] .

Known bank issuers of miniassegni:
 

Bank Issuer Denom. 1st & Last
Issue Dates
Place
Banca Agricola Commerciale
di Reggio Emilia
Ass.Prov.Comm.di
Reggio Emilia

100 Lire

3.3.1976

Reggio Emilia
Banca Agricola Commerciale
di Reggio Emilia
Ass.Prov.Comm.di
Reggio Emilia

100 Lire

7.10.1977 Reggio Emilia
Banca Agricola Commerciale
della
Rep.di San Marino
MY HOBBY

350 Lire

1.9.1977 San Marino
Banca Agricola Commerciale
della Rep.di San Marino
Fratelli Carlina 50 Lire 10.3.1977
 
San Marino
Banca Popolare di Matino
e Lecce
Coop. Tra Produttori
di Matino e Lecce
100 Lire 22.4.1977 Matino
Banca Popolare di Matino
e Lecce
Coop. Tra Produttori
di Matino e Lecce
200 Lire 11.5.1977 Matino

And these as well:
Banca Antoniana, Banca Belinzaghi, Banca Calderari e Maggioli, Banca Cattolica del Veneto, Banca del Salento, Banca Popolare del Montefeltro e del Metauro, Banca di Credito Agrario, Bresciano Banca del Friuli, Banca di Credito Agrario di Ferrara, Banca di Trento e Bolzano, Banca Industriale Gallaratese, Banca Popolare di Bergamo, Banca Popolare di Crema, Banca Popolare di Lecco, Banca Popolare di Milano, Banca Popolare di Novara, Banco di Chiavari e della Riviera Ligure, Banca San Paolo di Brescia, Banco di Napoli, Banco di Sicilia, Banco Ambrosiano, Banco di Santo Spirito, Banco Lariano, Cassa di Risparmio di Biella, Cassa di Risparmio di Cuneo, Cassa di Risparmio di Jesi, Cassa di Risparmio di Padova e Rovigo, Cassa Rurale ed Artigiana di Cantý, Cassa di Risparmio di Trento e Rovereto, Cassa di Risparmio di Venezia, Credito Italiano Credito Artigiano, Credito Varesino, Istituto San Paolo di Torino, Istituto Bancario Italiano, Istituto Centrale di Banche e Banchieri, Banca Provinciale Lombarda, Istituto Centrale delle Banche, Popolari Italiane, Istituto di Credito delle Casse, Rurali e Artigiane, Banca Sella.

Source: Wikipedia Italy

There were also numerous private issuers of miniassegni. Selected examples, issued as "Buono d'Acquisto" - not complete:

  • A & O Market
  • Albergo Ristorante Reale
  • Assoc Comm Viareggio
  • ATIVA - Tangenziale Torino
  • Banca di Edenlandia

    Anyone with additional info, please contact us.