Maltese lira (euro)
- Monetary unit:
- the Country code:
- Malta, Republic
- of 320 sq. km
- Maltese (state), English (state)
- MT (MLT) 470
Malta is an exhibiting country the European Union . Monetary unit - euro - to equal 100 eurocents.
Till January, 1st, 2008 Maltese liras - to equal 100 cents were cash token moneys of Malta. A nominal number of the native currency of Malta has been presented by notes of denomination of 2, 5, 10 and 20 liras. The Maltese lira was the second (after a Kuwaiti dinar) at cost monetary unit in the world (1 lira ~ $3 for June 2006).
Before grab of Malta by Englishmen in 1815 in circulation there were Spanish and Italian coins. The silver scudo (about 16,6 g of a fine silver), equal 12 taris was the basic coin. At transferring in XIX century on an English monetary system 1 pound sterling has been equal to 12,5 scudo. In circulation along with English notes and coins prior to the beginning of XX century former coins, and also the notes of two local private banks which did not have, however, lawful payment force were saved. In July, 1949 the lawful legal tender had been declared tickets of exchequer of Malta in the Maltese pounds; since September, 20th, 1949 of the note of Bank of England have lost force of a lawful legal tender.
The Gold content of the Maltese pound equal to a gold content of pound sterling, has been registered IMF in 1946 and 1949 the Maltese pound has been equal by the Law of 1949 to pound
Sterlings. At pound sterling devaluation in November, 1967 the Maltese pound has been devalueded in the same size. Since February
1971 the Maltese pound is divided into 100 cents and 1000 more lovely.
Since January, 1983 the country monetary unit is renamed into Maltese lira.
On face side of all notes of the last series before replacement by euro are represented: the woman having control over a wheel from the ship and symbolising Malta, operating the destiny; the pigeons symbolising the world; an United Nations Organization emblem; the arms of the Central Tank of Malta; a mosaic, times of the Roman presence for Malta.
It is updated 05.2012