1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 268.338 ITL (Italian Lira). Italian Lira is the official currency of Italy. The currency is replaced to Euro in 1999 were 1 Euro = 1,936.26 Lira. Italy was the 7th largest exporter in the year 2009. The ISO code of the currency is ITL and the symbol is ₤.