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San Marino
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150 Lire, 1976
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San Marino, located in north central Italy, is the oldest and smallest republic
in the world. Founded about 350 A. D. by a stonecutter as a refuge against
religious persecution. San Marino does not issue its own paper money although
it has issued coins since 1864. The notes issued in 1976 are emergency small
denomination issues prompted by a coin shortage. San Marino now uses Euro. For a more detailed
country profile, see CIA World Factbook on San Marino.
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