Via a monetary agreement, San Marino uses the euro as its sole currency (it previously used the Sammarinese lira, set at par with the Italian lira) and is allowed to mint a limited number of coins itself with their own design.[1] There were 3 agreements between San Marino and EU between 2001 and 2007 on greater fiscal integration, and as a result of these agreements, the Republic of San Marino now enjoys greater autonomy and the ability to mint its own coins.