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What is Maltese currency? Information about Maltese Lira!

by Financial Economy
What-is-Maltese-currency-Information-about-Maltese-Lira

Malta is a state consisting of a community of islands located in the Mediterranean, in the south of Italy. Malta’s official name is the Republic of Malta. It is written as “Repubblika ta ‘Malta” in Maltese. Malta consists of 5 islands. The names of the big 3 of these 5 islands are Malta, Gozo and Comino. Malta is also a member of the European Union. It is one of the smallest EU member states. Its largest city is Birkirkara. Malta’s population is about 500 thousand people. Detailed information about the Maltese currency, the Maltese Lira, is in the rest of the article.

What is Maltese currency? Does Malta Use Euro?

The Maltese currency is the Euro. Malta became a member of the European Union in 2004 and joined the Eurozone in 2008. Since 2008, Malta has been using the euro as its currency. The Maltese Lira is the national currency of Malta. Currently, Maltese Lira is not in circulation. Malta became a member of the European Union in 2004. You can browse here for information about the French Franc.

Malta, which used its own currency, Malta Lira, until 2008, switched to Euro in 2008. Maltese Lira; It was used between 1825 and 2007. During the period in question, it was not used outside of Malta. Malta has been doing well economically in almost every period. The Maltese lira was minted by the Central Bank of Malta. It is expressed as Lira Maltija in the local language.

What are Maltese Lira banknotes and coins?

The Maltese Lira banknotes used while in circulation are as follows:

  • 2 Maltese Lira
  • 5 Maltese Lira
  • 10 Maltese Lira
  • 20 Maltese Lira

Cent and mile were used as the Maltese Lira subunit. Of 1 Maltese Lira, 1 in 100 was called a cent, and 1 in 1000 was called a mile. The Maltese Lira coins used while in circulation are as follows:

  • 1 cent
  • 2 cents
  • 5 cents
  • 10 cents
  • 25 cents
  • 50 cents
  • 1 Maltese Lira

For details: https://en.wikipedia.org/wiki/Maltese_lira

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