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
Famous quotes containing the word history:
“The custard is setting; meanwhile
I not only have my own history to worry about
But am forced to fret over insufficient details related to large
Unfinished concepts that can never bring themselves to the point
Of being, with or without my help, if any were forthcoming.”
—John Ashbery (b. 1927)
“In history the great moment is, when the savage is just ceasing to be a savage, with all his hairy Pelasgic strength directed on his opening sense of beauty;—and you have Pericles and Phidias,—and not yet passed over into the Corinthian civility. Everything good in nature and in the world is in that moment of transition, when the swarthy juices still flow plentifully from nature, but their astrigency or acridity is got out by ethics and humanity.”
—Ralph Waldo Emerson (1803–1882)
“The view of Jerusalem is the history of the world; it is more, it is the history of earth and of heaven.”
—Benjamin Disraeli (1804–1881)