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Currency & Banks
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The Maltese Lira (Lm), often referred to as the Maltese pound, is divided into 100 cents and is presently Malta's legal currency. However the majority of hotels, shops and restaurants also accept payment in the main international currencies and international major credit cards.
Banks, Automated Teller Machines (ATMs) and exchange bureaux can be found all over the Maltese Islands. Banks are normally open until early afternoon from Monday to Friday, and until mid day on Saturdays.
Malta will be changing its currency on the 1 January 2008 when the Euro currency will become the legal tender currency in Malta. By adopting the Euro, Malta will become part of the Eurozone.
Should you require any further information please contact us.
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Cost of Living
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Malta has a very low cost of living when compared to other countries in Europe. Living in Malta is fairly cheap. Normal utility services like water, electricity, gas and telephone and are also very reasonable.
There are no rates or council taxes in Malta.
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