Published on Thursday, 24, January, 2008 at 0:03 in Financial News | No Comments

End of legal tender for the Maltese Lira – The Central Bank

notes.jpgThe Central Bank of Malta would like to remind the public that as from Friday the 1st of February 2008 the euro will become the sole legal tender currency in Malta. All Maltese lira banknotes and coins will, therefore, cease to be legal tender as from that date.

These banknotes and coins shall, however, continue to be exchangeable for euro notes and coins at the irrevocably fixed conversion rate without charges at all banks until Saturday the 29th of March 2008.

The Central Bank of Malta will continue to exchange, at the irrevocably fixed conversion rate and without charges, Maltese lira coins until Monday the 1st of February 2010 and Maltese lira banknotes until Wednesday the 31st of January 2018. No Maltese lira banknote or coin will have any value after these dates.

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