Last Updated: 29th May 2020
The currency in Malta is Euro and was adopted as the official currency since 1st January 2008. Euro is the only currency used in Malta.
- We have seven banknotes which are €5 | €10 | €20 | €50 | €100 | €200 | €500 and eight coins which are 1c | 2c | 5c | 10c | 20c | 50c | €1 | €2.
- There are different sizes for both coins and banknotes. They vary according to value.
- The Maltese banknotes have the same design as all the other countries using them. On one of the sides of the coins there is the value and on the other side there is an emblem of that particular country. For Malta you will find , the temples and the eight pointed cross.
- The most commonly used banknotes in Malta are the €5, €10, €20 and €50. All the coins are used very frequently.
- The Institution of the European Union uses the Euro (€) (code EUR) as its official currency.
There are 28 countries in the European Union. Until now nineteen countries of the European Union’s Member States share the single currency to form the Euro area.
They are 19 countries forming the Eurozone members out of the 28 European Union members namely: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Portugal, Slovakia, Slovenia and Spain.
Here is a widget to help you change your conversions to Euro.
How do I use the currency convertor?
Standard Conversion rates from Euro to other currencies. The rates change very frequently so the following are an average.
Nowadays most establishments, hotels and shops now accept cards. The type of cards accepted in Malta are:
Here in Malta you can withdraw money from all the ATM's. The banks in Malta are HSBC, BOV, BNF, APS, Lombard Bank. Click here to find more information about the banks.
At the museum you will see a variety of coins that Malta used through the times. The museum is located in Valletta just beside the Central Bank of Malta. If you re a coin enthusiast you will enjoy this museum.
For more information about the museum click here.
Although the islands are small, the adoption of the Malta currency has helped to increase and consolidate the Maltese business approach which has resulted in attracting many international companies to establish business here.
Euro is the only currency that you can use to purchase anything while on the island.
Maltese Lira was used before Euro from 1972 untill 31st December 2007.
Yes you can change money at an Exchange bureaux at the airport on arrival on the island. They are open 24 hours a day, 7 days a week.
Malta started using Euro as its currency since 1st January 2008