20 Euro (Dante Alighieri's death) – Italy
Non-circulating coins
Commemoration: 700th Anniversary of the death of Dante Alighieri - Paradise
Italy
Context
Material
References
KM: #Click to copy to clipboard519
Numista: #554920
Value
Exchange value: 20 EUR = $23.63
Bullion value: $967.89
Inflation-adjusted value: 21.30 EUR
Obverse
Description:
Dante Alighieri detail after Botticelli. Encircled by "REPUBBLICA ITALIANA" and a star.
Inscription:
REPUBBLICA ITALIANA
Script: Latin
Designer: Claudia Momoni
Reverse
Description:
A depiction of Paradise with the sky, sun, and stars. Above clouds, a detail from Giotto's "Angels of Paradise" fresco in the Scrovegni Chapel is highlighted. The loop features the verse “L’AMOR CHE MOVE IL SOLE E L’ALTRE STELLE”. "20 EURO" is on the right, "2023" on the left, and the Rome Mint "R" with the signature "MOMONI" at the bottom. A colorful coin.
Inscription:
L’AMOR CHE MOVE IL SOLE E L’ALTRE STELLE
20 euro
2023
R
MOMONI
20 euro
2023
R
MOMONI
Script: Latin
Designer: Claudia Momoni
Edge
Reeded
Categories
| Art> Literature |
| Event> Death anniversary |
| Person> Religious figure |
Mints
| Name | Mark |
|---|---|
| Rome | R |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2023 | R | 1,500 | Proof |
Historical background
In 2023, Italy's currency situation was firmly within the framework of the Eurozone, with the euro (EUR) serving as the sole legal tender. As the third-largest economy in the Eurozone, Italy's monetary policy was set by the European Central Bank (ECB), which embarked on an aggressive tightening cycle to combat high inflation. Throughout the year, the ECB raised key interest rates multiple times, a move that strengthened the euro against other major currencies like the US dollar but also increased borrowing costs for the Italian government, businesses, and households.
Domestically, the currency dynamic was heavily influenced by Italy's significant public debt, which exceeded 140% of GDP. The rising interest rates elevated concerns about debt sustainability and widened the spread between Italian and German 10-year government bonds (the BTP-Bund spread), a key indicator of perceived risk in Italian sovereign debt. This financial pressure was managed under Prime Minister Giorgia Meloni's right-wing coalition government, which navigated between EU fiscal rules and promises of tax cuts and increased spending, all while the strong euro had a mixed impact on the export-oriented manufacturing sector.
Looking forward, the currency and economic outlook remained tightly linked to ECB policy decisions and Italy's ability to maintain fiscal discipline to access EU pandemic recovery funds. While the euro's stability provided macroeconomic benefits, the high debt burden under a regime of elevated interest rates posed a persistent challenge, making economic growth essential for stabilizing the country's financial position within the single currency area.
Domestically, the currency dynamic was heavily influenced by Italy's significant public debt, which exceeded 140% of GDP. The rising interest rates elevated concerns about debt sustainability and widened the spread between Italian and German 10-year government bonds (the BTP-Bund spread), a key indicator of perceived risk in Italian sovereign debt. This financial pressure was managed under Prime Minister Giorgia Meloni's right-wing coalition government, which navigated between EU fiscal rules and promises of tax cuts and increased spending, all while the strong euro had a mixed impact on the export-oriented manufacturing sector.
Looking forward, the currency and economic outlook remained tightly linked to ECB policy decisions and Italy's ability to maintain fiscal discipline to access EU pandemic recovery funds. While the euro's stability provided macroeconomic benefits, the high debt burden under a regime of elevated interest rates posed a persistent challenge, making economic growth essential for stabilizing the country's financial position within the single currency area.
✨ Legendary