Milan Money is a term used to refer to the three main currencies used in Milan, Italy. These currencies are the Lira (4 letters), Euro (4 letters) and Euros (5 letters). The Lira was the official currency of Italy until 2002 when it was replaced by the Euro. The Euro is the official currency of the European Union and is used in 19 of its member states. The Euros is the plural form of the Euro.