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Money and Banks in Malta The monetary unit of Malta is the Maltese Lira which is often abbreviated as LM or MTL. Approximatelly 2. 55 to 2.66 Euros per 1Lira or 2.35 to 2. 69 USD per 1 Maltese Lira.
The Maltese Lira is divided into 100cents (c). The largest Note is the LM20 note ,followed by the LM 10 note, the LM5 note and the LM 2 note. The LM1 is the largest coin followed by the 50c coin, 25c ,10c ,5c,2c and 1c. On arrival at the Malta International Airport, there are 2 Banks open 24 hours a day, with ATM service and a foreign exchange service 24/7. Almost all mayjor currencies are accepted here mostly in Banks and Bureau de changes and some shops ; most popular is the English Pound, Us Dollar, Euro. Other Western European currencies are accepted. Travellers cheques are widelly accepted alongside the presentation of a passport. Credit Cards are also widelly accepted in almost all outlets ; Cards accepted in order of preference by local shops and banks are the VISA, Mastercard, Cirrus, Maestro and American Express. The american express is not as widelly accepted ,so do not rely entirely on it. FOR CURRENCY EXCHANGE: All Mayjor currencies are exchanged on the Maltese Islands/ Visa, Mastercard , Cirrus, Eurocard, Diners ,and American Express, are widely accepted. The major Exchange Bureaus and Banks in Malta and Gozo are listed below.
BANKS
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