Introduction of the Euro in Malta:
21st June 2007:
Official permission of the European Union
leaders to start with the Euro introduction at
beginning of 2008.
1st July 2007:
Start of mandatory dual display and minting
of coins has started by the Mint of Finland.
November 2007:
Sub-frontloading to major Maltese companies
will start by the banks.
1st December 2007:
Banks and post offices will start providing
Business Euro Coin starterkits, which will
contain a total value of Lm 55 with the
following coins inside:
| Denomination |
Pieces of single
coins |
Quantity of rolls |
| 1 Cent |
100 |
2 |
| 2 Cent |
100 |
2 |
| 5 Cent |
100 |
2 |
| 10 Cent |
120 |
3 |
| 20 Cent |
80 |
2 |
| 50 Cent |
40 |
1 |
| 1 Euro |
25 |
1 |
| 2 Euro |
25 |
1 |
The total value of the coins in this business
starterkits is 136 Euro or 56,24 MTL.
10th December 2007:
Starterkits for the public will be given out
from banks and post offices, which will contain
the following coins inside:
| Denomination |
Pieces of single
coins |
| 1 Cent |
4 |
| 2 Cent |
3 |
| 5 Cent |
5 |
| 10 Cent |
6 |
| 20 Cent |
6 |
| 50 Cent |
5 |
| 1 Euro |
3 |
| 2 Euro |
2 |
The total value of the coins is 11,65 Euro or
5 MTL.
1st January 2008:
The first day of January could be called
€-Day! Until the end of January it will also be
possible to make payments in Euro or in Maltese
Lira, but change will be given always in Euro.
Cheques are only accepted in Euro currency. At
the beginning some ATM's will also start
dispensing Euro from midnight and all
investments and bank accounts will be converted
to the Euro currency.
2nd January 2008:
Banks will be open for exchanges into euro.
Non banking customers will have a limit of Lm250
per bank.
31st March 2008:
The end of March 2008 is the last chance to
exchange old Maltese currency directly in the
commercial banks. The change for old Maltese
coins will remain for 2 years and the change for
old Maltese notes will remain 10 years at the
Central Bank of Malta.
If you have any suggestions, send us an
E-Mail to our mailadress from the imprint.
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