The Monument to the Lira was inaugurated on 1 March 2003, based on a design by Daniela Fusco and made by the Caggiati Foundries in Parma. 2,200,000 coins of 200 lire were used for the fusion of the statue.

The monument represents turreted Italy, with its gaze turned towards the Velino river, evoked by the water that flows to the left, alluding to the prosperity of Rieti. It holds a large one Lira coin with the obverses of the first and the last Lira issued; on his clothes runs the inscription “Italy for the Lira”.

The statue rests on two overlapping hexagonal bases bearing twelve coins representing the history of the Lira, from the Unity of Italy to the birth of the Euro.