Maltese Monetary Unit (Noun)
Meaning
Monetary unit on Malta.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Maltese monetary unit changed several times throughout the country's history but eventually settled on the Euro in 2008.
- Before adopting the Euro, the Maltese monetary unit was the Maltese lira.
- Tourists visiting Malta must exchange their currency for the local Maltese monetary unit to pay for goods and services.
- The country's economy relies heavily on the stability of its Maltese monetary unit.
- Prior to joining the European Union, Malta's Maltese monetary unit was pegged to a currency basket.