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 cash dispensers are available at various locations on the islands.
Credit &debit cards: MasterCard, American Express, Diners Club 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.
Exchange rate indicators
The following figures are included as a guide to the movements of the Maltese Lira against Sterling and the US Dollar:
| Date | Nov '00 | Feb '01 | May '01 | Aug '01 | | £1.00= | 0.67 | 0.65 | 0.65 | 0.64 | | $1.00= | 0.46 | 0.44 | 0.46 | 0.45 |
Currency restrictions: The import of local currency is limited to Lm50. The export of local currency is limited to Lm25. The import and export of foreign currency is unlimited, subject to declaration.
Banking hours: Mon-Fri 0830-1230 and 1430-1600; Sat 0830-1130.
|
