Quota 90

The Quota 90 (Italian: Quota novanta) was a controversial revaluation of the lira undertaken by Mussolini, announced on August 18, 1926, at a speech in Pesaro, pegging the exchange rate to 92.46 lira against the Pound sterling (19 lira against the US Dollar) by December 1927, which had been the prevailing market rate when Mussolini took power in 1922. An August 8, 1926, letter from Mussolini to Volpi claimed that "the fate of the regime is tied to the lira."

Quota 90

The Quota 90 (Italian: Quota novanta) was a controversial revaluation of the lira undertaken by Mussolini, announced on August 18, 1926, at a speech in Pesaro, pegging the exchange rate to 92.46 lira against the Pound sterling (19 lira against the US Dollar) by December 1927, which had been the prevailing market rate when Mussolini took power in 1922. An August 8, 1926, letter from Mussolini to Volpi claimed that "the fate of the regime is tied to the lira."