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<p>[QUOTE=&quot;chrisild, post: 3334936, member: 39&quot;]The Vatican City State was &quot;founded&quot; in 1929, based on the Lateran Treaty with the Kingdom of Italy. One consequence of that treaty was a <a href="http://host.uniroma3.it/progetti/cedir/cedir/Lex-doc/SCV_SS/SCV_Conv-Mon1930.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://host.uniroma3.it/progetti/cedir/cedir/Lex-doc/SCV_SS/SCV_Conv-Mon1930.pdf" rel="nofollow">monetary agreement</a> (text in Italian) between IT and VA made in August 1930 which became law in January 1931. This way the Vatican could issue coins denominated in Italian Lire.</p><p><br /></p><p>Article 8 of that agreement or convention says (my translation): &quot;The Vatican City State, without prejudice to the quantity as established above for the first year, reserves the right to issue up to 10,000 sets of coins, with the commemorative date of 1929 ...&quot; And that is what they did. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Actually the Vatican has always issued its coins based on such monetary agreements. First with the Kingdom of Italy, then with the Italian Republic, then (and now) with the European Union. This way the Vatican coins, at least the &quot;regular&quot; pieces, can circulate not only within the Vatican but also in the countries that have the same currency.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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