What is Malta’s official national currency?

Located in the Mediterranean Sea, Malta is a small island nation with a long history of economic resilience and stability. The country’s official name is the Republic of Malta, and it has historically been an important hub for global trade. Today, Malta is a member of the European Union, and its economy remains strong. One of the important questions many people have when it comes to the country is: what is Malta’s official national currency?

Malta’s official national currency is the euro, which is also known as the common European currency. The euro has been in use in Malta since 1 January 2008, when it was adopted by most European nations. Before then, Malta’s official currency was the Maltese lira, which was introduced in 1825.

The euro is divided into 100 cents; the coins are available in denominations of 1, 2, 5, 10, 20 and 50 cents; 1 euro; 2 euros. Banknotes are available in denominations of 5, 10, 20, 50, 100, 200 and 500 euros. The euro is also symbolized by the € sign.

The euro has made it easier for travelers to visit Malta since large international cards (i.e., MasterCard, Visa) are readily accepted throughout the country. This has made it easier for visitors to use ATM machines to withdraw cash in the local currency.

The euro also has a positive effect on trade between the EU member states. The currency’s stability and its diversity of economic ties make trading between countries much easier. As well, business transactions can be carried out more quickly and efficiently due to the uniformity of the euro.

In addition to the euro being accepted as legal tender in Malta, certain shops accept other foreign currencies as payment; however, it is important to note that individual shops may have their own rules and regulations as to which other currencies are acceptable.

It is important to note that though the euro is the official currency of Malta, payments can be made in multiple currencies at a number of exchange points throughout the country. The exchange rate used for these transactions will depend on a variety of factors, such as market conditions and demand for the currency in question.

All in all, Malta’s official national currency is the euro. This is an advantageous situation for those who visit Malta, as the euro is widely accepted throughout Europe and beyond and makes trading between countries much easier. Ultimately, this aids negotiating and enables business transactions to be handled more quickly. However, it is important to keep in mind that certain shops may accept other currencies, although it is always best to be aware of any exchange rates that may be applicable before engaging in transactions with non-euro currency. For more information on what is Malta’s official national currency, visit Central Bank of Malta.

An Insider’s Guide to Valletta, Malta: Exploring the City’s Local Attractions, Dining Spots, Cultural Experiences, and More

Valletta is the capital of Malta, a small island nation in the Mediterranean Sea. The city is known for its rich history, Baroque architecture, and stunning sea views. Walking through the streets of Valletta feels like a journey through time, with grand palaces, churches, and narrow alleys that have remained unchanged for centuries. Here is an insider’s guide to the best things to see and do in Valletta.

Local Attractions

Valletta is home to many historical and cultural landmarks that are worthy of a visit. Some of the top attractions include:

• St. John’s Co-Cathedral: A stunning Baroque church that houses Caravaggio’s painting, The Beheading of St. John the Baptist.
• The Grandmaster’s Palace: A palace that served as the residence of the Grandmaster of the Knights of St. John and is now home to the President of Malta.
• The National Museum of Archaeology: A museum that showcases Malta’s prehistoric past, including the famous “Sleeping Lady” figurine.
• The Upper Barrakka Gardens: A beautiful public garden that offers panoramic views of the Grand Harbour and the Three Cities.
• The Malta Experience: A multimedia attraction that tells the story of Malta’s 7,000-year history.

Dining Spots

Maltese cuisine is a mix of Italian, Arabic, and Mediterranean flavors, and Valletta has plenty of restaurants that serve traditional Maltese dishes. Here are some of the best places to eat in the city:

• Ta’ Kris Restaurant: A cozy restaurant that serves hearty Maltese dishes, such as rabbit stew and stuffed artichokes.
• PALAZZO PRECA Restaurant: A family-run restaurant that offers a fine dining experience with fresh Mediterranean ingredients.
• Café Jubilee: A café that serves homemade pastries, coffee, and sandwiches, perfect for a quick lunch break.
• Caffè Cordina: A historic café that dates back to 1837 and serves traditional Maltese pastries and cakes.

Cultural Experiences

Valletta has a rich cultural heritage that is reflected in its art, music, and festivals. Here are some cultural experiences you should not miss:

• The Valletta International Baroque Festival: An annual festival that celebrates Baroque music and culture with concerts, exhibitions, and theater performances.
• The Malta Jazz Festival: A music festival that brings together jazz musicians from all over the world for three days of live performances under the stars.
• The Valletta Film Festival: A film festival that showcases international and Maltese films, including premieres and retrospectives.

Local History

Malta’s history is closely tied to the city of Valletta, which was founded by the Knights of St. John in the 16th century. The city has survived attacks by the Ottoman Empire and played a key role in World War II. Here are some historical sites you should visit:

• The Lascaris War Rooms: An underground complex that served as the Allied Forces’ headquarters during the Siege of Malta.
• The Malta at War Museum: A museum that tells the story of Malta’s role in World War II and the bravery of its people.
• The Fort St. Elmo: A fort that played a key role in the Great Siege of Malta and is now home to the National War Museum.

Off-the-Beaten-Path Suggestions

If you have some extra time in Valletta, here are some unique experiences that you should try:

• The Saluting Battery: A former gun battery that fires a cannon salute every day at noon.
• The Manoel Theatre: A historic theater that dates back to the 18th century and hosts performances by local and international artists.
• The Strait Street: A narrow street that used to be known as “The Gut” and was infamous for its bars and brothels, now home to trendy bars and nightclubs.

Valletta is a beautiful city that offers a wealth of history, culture, and natural beauty. By exploring its local attractions, dining spots, cultural experiences, local history, and off-the-beaten-path suggestions, you will truly discover the wonders of this amazing city.