The Bank of Italy issues euro banknotes in accordance with the principles and rules established within the Eurosystem and controls all the currency in circulation in Italy.
As part of the Eurosystem, the Bank produces the quantity of euro banknotes assigned to it, puts them into circulation, withdraws worn notes, takes part in the search for and experimentation of new security features and contributes to the definition of common standards for the quality of the notes in circulation and the fight against counterfeiting.
The Bank of Italy also exercises powers of control over cash handlers.
In cases of rules violations it may levy pecuniary administrative sanctions
Euro coins are minted in Italy by the State Printing Works and Mint
on behalf of the Ministry for the Economy and Finance, which, in its capacity as issuing body, ensures that they are distributed nationally through the branches of the Bank of Italy.