Megelanese pound
| Megelanese pound | |
|---|---|
| Lira mesiolanese (Italian) | |
| ISO 4217 | |
| Code | MEL |
| Number | 278 |
| Exponent | 2 |
| Denominations | |
| Superunit | |
| 6⁄1 | scudo |
| Subunit | |
| 1⁄20 | soldo |
| 1⁄240 | denaro |
| Plural | lire |
| Symbol | L. |
| Nickname | franco |
| Banknotes | 3 lire; 1, 5, 10, 15 scudi; 30, 60, 120, 240 scudi. |
| Coins | 1, 3, 6, 9 denari; 1, 5, 10, 15 soldi; 1 lira. |
| Demographics | |
| Date of introduction | 1957 |
| User(s) |  Megelan |
| Issuance | |
| Central bank | Bank of Vergate sul Membro |
| Mint | Several |
| Valuation | |
| Pegged with | Common Monetary System |
The Megelanese pound is the currency and legal tender of the Community of Megelan; it is subdivided into 20 shillings. A shilling is, in turn, subdivided into 12 pence. The Italian terms lira, soldo and denaro by which the Megelanese pound and its subdivisions are known in the Community originate from the Latin terms libra, solidus and denarius, the libra being a unit of account equal to one pound of silver. The Megelanese pound also has a superunit, the shield or scudo; a scudo is worth six pounds.
The current version of the Megelanese pound was introduced in 1957, the date being that of the Community's entrance into the Common Sphere; as a result, the Megelanese pound is an integral part of the Common Monetary System, with an exchange rate of three Megelanese pounds for an Acrean mark.
