Currency of the Papal States

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from the Tom Fitzgerald Collection
Papal States 1786 93 scudi rev Tom F.JPG

Shown is a note for 93 scudi issued in 1786 by the Bank of the Holy Spirit in Rome. Sponsored by the popes and originally part of the municipal Monte di Pieta, its activities expanded so that by the 1780's the economy of the was operating on these paper notes. The French invasion of 1795 led to the looting of the Monte di Pieta and the bank and its notes collapsed.