The term 'Lira Replacements' refers to the currency that replaced the Italian Lira after it was discontinued in 2002. The most common replacement for the Lira is the Euro, which is a five-letter word. The Euro is the official currency of the European Union and is used by 19 of its member states. It is also used in many other countries around the world, including Kosovo, Montenegro, and some African nations. The Euro is one of the most widely traded currencies in the world and is the second-most traded currency after the US Dollar.