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Country Guide > Europe > Malta


Money

Currency
Maltese Lira (Lm) = 100 cents = 1000 mils. Notes are in denominations of Lm20, 10, 5 and 2. Coins are in denominations of Lm1, and 50, 25, 10, 5, 2 and 1 cents. A number of gold and silver coins are also minted.

Currency exchange
Money can be changed at banks, bureaux de change, some hotels, and larger shops and restaurants. Automated foreign exchange machines and ATMs are available at various locations on the islands.

Credit & debit cards
American Express, Diners Club, MasterCard and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.

Travellers cheques
Exchanged in the normal authorised institutions.

Currency restrictions
The import of local currency is limited to Lm1000. The export of local currency is limited to Lm1000. The import and export of foreign currency is unlimited, subject to declaration if contemplating re-export up to amount imported.

Exchange rate indicators
The following figures are included as a guide to the movements of the Maltese Lira against Sterling and the US Dollar:
DateMay '04Aug '04Nov '04Feb '05
1.00=0.630.630.630.63
$1.00=0.350.340.340.33


Banking hours
Mon-Fri 0830-1230 and 1430-1600, Sat 0830-1130.
   
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