Lira included in coinage for the Americas (3,5)
I believe the answer is:
new world
'the americas' is the definition.
(I've seen this before)
'lira included in coinage' is the wordplay.
'lira' becomes 'l'.
'included in' is an insertion indicator.
'coinage' becomes 'newword' (a coinage is a newly invented word).
'l' going within 'newword' is 'NEW WORLD'.
'for' acts as a link.
(Other definitions for new world that I've seen before include "The Americas, to the explorers" , "America" , "symphony?" , "Non-European" , "From the --- --- (Dvor++k)" .)