The transaction, made though the Spanish resident ambassador in Venice, Diego Guzmán de Silva, came to the considerable sum of 154 scudi, 3 lire, and 20 soldi in gold.
The currency of the islands during Venetian rule was the Venetian lira, as in Venice.
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The economy of the islands was based on exporting local goods, primarily raisins, olive oil and wine, whereas Venetian lira, the currency of Venice, was also the currency of the islands.
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