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- In 2008, the Maltese lira was withdrawn from circulation and replaced by the euro as the official currency of Malta.