Deadline for exchanging Maltese lira, cent and mil coins


The central bank of Malta advices that the Maltese lira, cent and mil coins, which ceased to be legal tender after 31 January 2008, will not be exchangeable after 1 February 2010.

The Central Bank of Malta will continue to exchange Maltese lira banknotes until 31 January 2018.

source: http://www.centralbankmalta.org/site/pr1main.asp?ItemID=594

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Comment by euroHOBBY on January 17, 2010 at 18:37
There are still Lm11, 290,213.68 worth of Maltese currency coins in circulation 2 weeks before the deadline to exchange Maltese lira coins and mils, which ends on February 1, 2010.
The value of coins in circulation is equivalent to €26,299,123.41.

There are still 159 million coins out there, with a total weight of 534.21 tonnes.

The biggest amount of coins in circulation is the Lm1 coin with over 3 million still in circulation. This is followed by the 50c coin with over 2 million and the 10c coin with 1,926,191.60 coins still in circulation.

Maltese coins are exchangeable at the Central Bank of Malta Annexe, St James’ Counterguard, Valletta until February 1, 2010. The Central Bank of Malta will continue to exchange Maltese lira banknotes until January 31, 2018.



Lm DENOMINATION OUTSTANDING IN CIRCULATION
2m 17,783.04
3m 22,027.44
5m 36,564.85
1c 473,452.93
2c 692,691.72
5c 1,036,361.10
10c 1,926,191.60
25c 1,579,350
50c 2,080.692
Lm1 3,425,099
TOTAL 11,290,213.68

http://www.di-ve.com/Default.aspx?ID=72&Action=1&NewsId=685...
Comment by euroHOBBY on January 17, 2010 at 16:07
yes you can find the calalogue from the same site i gave you
this is a front image of it
http://www.emmsaid.com/images/books/Malta%20Coin%20&%20Banknote...
Comment by Aidan Work on January 17, 2010 at 9:23
Joe,
I've got the first green 1 Pound note that came out in the 1970's.It is the Maltese notes depicting Queen Elizabeth II that elude me,as does the later notes,such as the ones depicting Agatha Barbara (who was a President of Malta in the 1980's).

Do you know if there is a current edition of the Maltese coin & banknote catalogue that even lists the Euro coins?

I'll have a look at http://www.emmsaid.com though.

Aidan.
Comment by euroHOBBY on January 16, 2010 at 9:54
there was also a 1 pound banknote

about the mils - i think they were produced only in the 70/80s and then again in 2005, 2006 and 07 to complete the BU blister sets - but dont quote me on this

in this site you find most of the coins released in Malta
http://www.emmsaid.com/banknotes.htm
http://www.emmsaid.com/malta_decimal_sets.htm
Comment by Aidan Work on January 16, 2010 at 0:34
Joe,
The 1972 2,3,& 5 Mils coins turn up a lot,but not any of the other dates though.

The Mils coins are a bit of a strange series as the 2 Mils was 2/10 Cent,the 3 Mils was 3/10 Cent,& the 5 Mils was the Maltese 1/2 Cent coin.

I've got the 1974 & 1976 4 Pounds coins in my collection,but anything denominated 5 Pounds upwards is just too expensive though.

I do have a few of the older 1 Pound & 2 Pounds coins,including a few of the silver ones.

Aidan.
Comment by euroHOBBY on January 14, 2010 at 20:41
Hi Aidan
the mils were still legal tender in theory - in practice they were non existence in circulation - they only appeared in circulation in the first years since production but later stopped as their purchasing value was so minimal
alas, i dont have any of these coins available
Comment by Aidan Work on January 14, 2010 at 5:05
Joe,
I didn't think any of the Mils coins were still legal tender,considering that they were last struck for circulation in around 1982.

If you still have any of the Maltese Pound & Cent coins that are in pretty nice order,you'd be absolutely crazy to cash them in.

The same applies to higher grade Maltese Pound notes as well.

British Commonwealth numismatists like me are very interested in the pre-Euro banknotes & coins of Cyprus,Ireland,& Malta.

I've found the Cypriot & Maltese banknotes extremely difficult to find.Ireland's notes are becoming very difficult to find.

Aidan.

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