Maltese lira

Maltese lira
Maltese banknotesMaltese coins
ISO 4217
CodeMTL
until June 1983: MTP, Maltese pound
Unit
Pluralliri
Symbol£M‎ and Lm
Denominations
Subunit
1100cent (c)
11000mill (m)
BanknotesLm 2, Lm 5, Lm 10, Lm 20
Coins
 Freq. used1c, 2c, 5c, 10c, 25c, 50c, Lm 1
Demographics
User(s)None, previously:
 Malta
Issuance
Central bankCentral Bank of Malta
 Websitewww.centralbankmalta.com
Valuation
Inflation2.8%
 SourceThe World Factbook, 2006 est.
EU Exchange Rate Mechanism (ERM)
Since2 May 2005
Fixed rate since2 May 2005
Replaced by euro, non cash1 January 2008
Replaced by euro, cash31 January 2008
1 € =Lm 0.429300
Bandpegged 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.