In 1927, to the difference of Hitler ?Il Duce' introduced a policy called the "Battle for the Lira", whereby a revaluation of the Italian currency took place. The value of the Lira dropped dramatically back to the level it was at in 1922. The value of the lira to the pound dropped from 150 to 90. Heavy industries benefited such as armament and ship building industries, as they could import large supplies of cheap tariff-free raw materials...
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The value of the Lira dropped dramatically back to the level it was at in 1922. The value of the lira to the pound dropped from 150 to 90. Heavy industries benefited such as armament and ship building industries, as they could import large supplies of cheap tariff-free raw materials. On the other hand, export industries suffered greatly as they were now more expensive to foreign industries, and were almost twice as expensive...
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