Fun currency

The scudo (plural scudi) is the official currency of the Sovereign Military Order of Malta and was the currency of Malta during the rule of the Order over Malta, which ended in 1798. It is subdivided into 12 tarì, each of 20 grani with 6 piccioli to the grano. It is pegged to the euro (at a rate of 1 scudo : €0.24)

So there’s 17,280 piccioli to the scudo. Or, each piccioli is worth 0.0000013889 of a euro.

Useful then.

13 comments on “Fun currency

  1. The penny will get there in the end. We are actually living through hyperinflation, just that it is so slow we don’t notice.

    We should have more of a market in currencies so we can choose. I wouldn’t mind being paid in scudo. Just for the laughs.

  2. On the data you show it is 1,440 piccioli to the scudo and 60 piccioli to the eurocent. But, still vanishingly small

  3. Anyone want to make a bet on whether the piccioli will out last the Euro?

    I don’t mean since the piccioli was invented. I mean starting now. Are the European bureaucrats more competent currency managers than a group of religious nut cases committed to murdering people they disagree with?

  4. “a group of religious nut cases committed to murdering people they disagree with”

    I thought for a moment you were discussing the Turkish Lira, SMFS.

  5. dearieme – “I thought for a moment you were discussing the Turkish Lira”

    It is a target-rich neighbourhood.

  6. Well yes, but then Edward III’s considerable outlay on warfare would only buy a terraced house in Clapham today.

  7. This is just the pre-decimal British pound, but with the penny in 1/6ths rather than farthings. Still a bit bonkers.

  8. @john77 & TLC
    It’s beyond doubt Tim’s an economist, isn’t it? Maybe he’s pitching for Economic Advisor to the Treasury.

  9. SMFS: a group of religious nut cases committed to murdering people they disagree with?

    I assume you mean the Knights of the Order of Malta? Sure they’re a bit over-the-top in some ways, but at least they knew what they were fighting for. I’ll refer you to the Great Siege, which, along with the Battle of Lepanto, were the two major engagements in the centuries-long fight between a fractured Europe and the Ottoman Empire. Without them, the takeover of Europe by Moslems would have happened 450 years ago. So we should at least thank them for having given us breathing space to develop modern society.

  10. Hedgehog – “I assume you mean the Knights of the Order of Malta?”

    In all fairness, I didn’t say “murderous religious nut-cases” like it was a bad thing or anything. We need more of them right now.

  11. That’s 1440 piccioli to the scudo. Any fule kno a gross = 12×12 is 144. I assume that the singular form is picciolo or somesuch.

Leave a Reply

Name and email are required. Your email address will not be published.