Italian Lira (no longer in use) from Italy. Was also used in the Holy See (Vatican City State) and San Marino. Now replaced by the euro (EUR).

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Benchmark interest rate

Also called the base interest rate, it is the minimum interest rate investors will demand for investing in a non-Treasury security. It is also tied to the yield to maturity offered on a comparable-maturity Treasury security that was most recently issued ("on-the-run").

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