The only currency used in the Maltese islands is the Euro, which was adopted on 1 January 2008 after the country joined the European Union on 1 May 2004.
Before the Euro was introduced in Malta, the currency in circulation was the Maltese Lira (Lm).
Although Euro bank notes are universal across all Eurozone countries, a unique set of coins is issued for each country. The Maltese Euro coins feature the following depictions on the back face of each coin:
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Foreign currency can easily be exchanged to Euro in various locations across Malta, mostly through bank branches and financial services providers.
Although GBP and USD are the most popularly exchanged currencies, in some places you’ll be able to exchange AUD, CAD, CHF as well.
These are a few options in some of the more popular locations in Malta and Gozo:
If you prefer not carrying around too much cash, rest assured that these payment methods are widely accepted in Malta (in most shops and restaurants, as well as hotels):
You can also use these debit/credit cards to withdraw Euro currency through a wide network of ATMs provided by local banks such as HSBC, BOV, APS and BNF Bank. Depending on your card charges may apply for withdrawing cash through a foreign ATM.
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