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A Forgotten Treasure: The Challenge of Converting Old Lira

Image of old Italian liras in a drawer

A man from Pescara discovers a fortune in lira and struggles to convert it into euros.

A surprising discovery

The story of a 48-year-old from Pescara has captured the attention of the media and public opinion. While he was tidying up the house of his parents, who died of Covid-19, he made an incredible discovery: 205 million lire, stored in a kitchen cupboard. This treasure, made up of 50 and 100 thousand lire banknotes, corresponds to over 100 thousand euros. However, the discovery has turned into a legal nightmare for the man, who found himself facing an insurmountable obstacle: converting lire into euros is no longer possible.

The legal complications

After contacting the Bank of Italy to try to convert the money, the man received a negative response. In fact, more than ten years have passed since the introduction of the euro in 2002, and he can no longer make the exchange. This situation has prompted the 48-year-old to seek legal assistance. He decided to contact a law firm in Rome specializing in lira/euro conversion issues, with the intent of obtaining a forced exchange through a request to the ordinary court of Rome.

The hope of a forced change

The man's lawyer explained that the strategy is based on Article 2935 of the Civil Code, which establishes that the ten-year statute of limitations begins to run from the moment the subject can exercise his right. In this case, the right to convert the lira would have started in 2024, the year in which the man found the money. This interpretation could pave the way for a legal battle that could have significant repercussions not only for the protagonist of the story, but also for other citizens who find themselves in similar situations.

The issue has raised questions about the management of forgotten assets and the importance of legislation that can protect citizens' rights. The hope is that politics can raise awareness on this issue, allowing those who have found money in lira to have a second chance to convert it. The story of the 48-year-old from Pescara represents an emblematic case of how the past can come knocking on the door again, bringing with it legal challenges and unexpected opportunities.