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Maltese Lira (Noun)

Meaning

The basic unit of money on Malta; equal to 100 cents.

Classification

Nouns denoting quantities and units of measure.

Examples

  • The Maltese lira was the official currency of Malta before the adoption of the euro in 2008.
  • The euro replaced the Maltese lira as the official currency on January 1, 2008.
  • At a fixed rate of 1 EUR = 0.429300 MTL, Malta adopted the euro and phased out the Maltese lira.
  • Prior to its adoption of the euro, Malta issued coins and banknotes denominated in the Maltese lira.
  • In 2008, the Maltese lira was withdrawn from circulation and replaced by the euro as the official currency of Malta.

Synonyms

  • Lira

Hypernyms

  • Maltese Monetary Unit
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