Timeline

• around 1755
• Coinage order, revises the weights of the silver coinage and introduces a trade coin in gold; effective ??.??.1755
• 1798-1825
• French and British occupation:
  - around 1800: Rating of the Sicilian 12 Tarì in silver at 2½ Maltese Scudi
  - around 1801: Rating of the Spanish Dollars (8 Spanish Real in silver) at 2½ Maltese Scudi
  : 21.10.1806: Rating of the Spanish doubloon (8 Spanish Escudos in gold) at 38¾ Maltese Scudi (= 3⅞ "Louis")
  - 10.06.1824: Rating of the Spanish Dollar (8 Spanish Real in silver) at 2⅝ Maltese Scudi

Valuation Regimes

• 1755-1825
• Metallic currency based on circulating silver coins, additional gold coins without fixed rate against silver. Base weight was the Neapolitan pound / 12 ounces / 600 acini at 320.759 grams.

Timeline

• 09.06.1825
• Governor's proclamation [No. 14], declared British silver and copper coins legal tender, rated at 1 Shilling Sterling = 144 Maltese Grani; effective 24.06.1825
• 11.10.1825
• Governor's proclamation [No. 21], introduced the Pound Sterling as unit of account; effective 25.12.1825. Rating:
  - Spanish Dollar (8 Spanish Real in silver) at 50 Pence Sterling = 30 Maltese Tarì
  - Sicilian 12 Tarì in silver at 50 Pence Sterling = 30 Maltese Tarì.
• 06.03.1826
• Governor's proclamation [No. 2], declared British gold coins of 1, ½ Sovereign legal tender (rated at 1 Sovereign = 12 Maltese Scudi); effective immediately
• 03.11.1827
• Governor's proclamation [No. 14], introduced additional subsidiary coin of ⅓ Farthing (= ¹⁄₁₂ Penny Sterling), rated at 1 Maltese Grano; effective immediately
• 18.07.1844
• Governor's proclamation [No. 1], lowers the rating of the 12 Tarì in silver to 50 Pence Sterling; effective immediately
• 04.10.1855
• Governor's proclamation [No. 11] of a British ordinance [Order in Council, dated 13.08.1855], declared British coinage sole legal tender and demonetized all foreign coins; effective immediately, but could not be implemented
• 24.11.1885
• Governor's proclamation [No. 11], ordered the withdrawal until 10.12.1885 of all former Sicilian coins (so that they can be exchanged in Italy which had limited the exchange to 31.12.1885); effective immediately
• 19.10.1886
• Governor's proclamation [No. ?] of a British ordinance [Order in Council, dated 24.09.1886], declared British coinage sole legal tender and demonetized all foreign coins until 30.11.1886; effective immediately
• ??.08.1914
• Ordinance [Paper Currency, No. 8] on the issuance of emergency paper money (in preparation of a potential money shortage) of 1 Pound, 10, 5 Shillings by the Treasury; effective 15.08.1914
  - Withdrawn from circulation 07.05. - 30.09.1915 after the money supply from Great Britain had been secured.
• 13.09.1939
• Ordinance [Paper Currency, No. 48] on the issuance of emergency paper money (in preparation of a potential money shortage) f 1 Pound, 10, 5, 2½, 2 Shillings by the Treasury; effective 01.01.1940
  - Not withdrawn from circulation although there was no money shortage during World War II.

Timeline

• 21.01.1949
• Ordinance [Currency Notes, No. 1] on the establishment of the Malta Currency Board and the currency separation; effective 01.07.1949 (by proclamation of 08.03.1949)
• 01.07.1949
• Start of currency exchange:
  - 01.07.1949: The 1940 paper money and British subsidiary coins remained legal tender
  - 20.09.1949: Demonetization of the British paper money
  - 08.05.1951: Start of issuance of paper money in Maltese Pound by the Currency Board.
• 11.11.1967
• Law [Central Bank of Malta Act, No. 31] on the transformation of the Currency Board into the Central Bank of Malta; effective upon constitution of the bank on 07.06.1968
• 13.09.1971
• Parliamentary resolution on the decimalization of the sub-unit; effective 16.05.1972
• 16.05.1972
• Start of currency exchange:
  - 16.05.1972: Start of issuance of new banknotes and decimal subsidiary coins
  - 04.10.1972: Demonetization of the former paper money (Government issues of 1940, 1949 and non-decimal issues of the Central Bank) and of the British subsidiary coinage.

Valuation Regimes

• 1949-1972
• Fixed rate against British Pound
• 1972-1983
• Variable rate

Timeline

• 12.07.1983
• Law [Central Bank of Malta (Amendment) Act, No. 13] on the change of currency name; effective 15.07.1983
• 17.03.1986
• Start of currency exchange:
  - 17.03.1986: Start of issuance of new banknotes (without denominations in "Pound")
  - 19.05.1986: Start of issuance of new subsidiary coins.
  - No demonetization of the former banknotes and coins.

Valuation Regimes

• 1983-2007
• Variable rate

Timeline

• 10.07.2007
• Decision of the European Council [No. 2007/504/EG] to admit Malta to the European Monetary Union; effective 01.01.2008
• 10.07.2007
• Ordinance of the European Council [No. 1134/2007], determines the conversion rate; effective 01.01.2008
• 01.01.2008
• Start of currency exchange:
  - 01.01.2008: Start of issuance of banknotes and coins denominated in Euro at a rate to the Maltese Lira of 1 : 0.4293
  - 31.01.2008: Demonetization of the banknotes and coins in Maltese Lira.