For the official currency of the Sovereign Military Order of Malta, see Maltese scudo.
Maltese lira
Maltese pound(English)
Lira Maltija(Maltese)
Maltese banknotes
Maltese coins
ISO 4217
Code
MTL until June 1983: MTP, Maltese pound
Unit
Plural
liri
Symbol
£M and Lm
Denominations
Subunit
1⁄100
cent (c)
1⁄1000
mill (m)
Banknotes
Lm 2, Lm 5, Lm 10, Lm 20
Coins
Freq. used
1c, 2c, 5c, 10c, 25c, 50c, Lm 1
Demographics
User(s)
None, previously: Malta
Issuance
Central bank
Central Bank of Malta
Website
www.centralbankmalta.com
Valuation
Inflation
2.8%
Source
The World Factbook, 2006 est.
EU Exchange Rate Mechanism (ERM)
Since
2 May 2005
Fixed rate since
2 May 2005
Replaced by euro, non cash
1 January 2008
Replaced by euro, cash
31 January 2008
1 € =
Lm 0.429300
Band
pegged in practice, 15% de jure
This infobox shows the latest status before this currency was rendered obsolete.
The lira (Maltese: lira Maltija, plural: liri, ISO 4217 code: MTL) or pound (until ca. 1986 in English, code MTP) was the currency of Malta from 1972 until 31 December 2007. One lira was divided into 100 cents, each of 10 mils. After 1986 the lira was abbreviated as Lm, although the original £M sign continued to be used unofficially. In English the currency was still frequently called the pound even after its official English language name was changed to lira.
The euro replaced the lira as the official currency of Malta on 1 January 2008 at the irrevocable fixed exchange rate of €1 per Lm 0.4293, or approximately €2.33 per Lm 1.
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