History
The institution, also called BankItalia, was established in 1893 from the combining of three major banks in Italy after the Banca Romana scandal. The new central bank first issued bank-notes during 1926. Until 1928 it was directed by a General Manager, after this time instead by a Governor elected by an internal commission of managers, with a decree from the President of the Italian Republic for a term of 7 years.
Read more about this topic: Banca D'Italia
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