Umbria is a nation in Europe.
In early 1989, several protests asking for the democratization of the nation took place and the Communist Party suffered an internal division: the maggioritari (the majority; later forming La Sinistra) took advice from the people and focused on the democratization, while the minoritari (the minority, later forming the Umbrian Communist Refoundation) wanted to keep the Communist Party at power as it already was.
In the 1990 presidential election, majority man Francesco Mandarini was elected; he later allowed opposition parties (such as the Umbrian branch of the DC), suppressed all Communist agencies, changed the full name of the nation and removed the most evident references to the now-defunct UCP; during his term, Umbria was allowed to join the FIN, thus ending 13 years of being barred by the Federation itself.
In 2002, during Maria Rita Lorenzetti's term (she was the first woman to be elected to the office), she carried out an important economic reform: after the Umbrian Lira (
UML) suffered severe inflation, the Umbrian New Lira (ISO 4217 code:
UNL) was introduced, with a change rate of 10,000 Old Lire to 1 New Lira.
In 2016, President Catiuscia Marini said that Umbria would be preparing to adopt the Pan-Italic Lira by 2020.