Old coins can be exchanged until February 1
Old Maltese lira, cent and mil coins, which ceased to be legal tender after January 31, 2008, will not be exchangeable after February 1, the Central Bank said.
Until then, the coins can only be exchanged at the Bank's Annexe, St James's Counterguard, Valletta, from Monday to Friday between 8.30 a.m. and 1 p.m.
The bank will continue to exchange lira banknotes until January 31, 2018.
Malta had adopted the euro in a smooth changeover at the beginning of last year.
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David Weeks
Dec 11th 2009, 13:21
Maybe these people in Gozo as you say and i would imagine also in malta, when they finally say goodbye to this world, want to take their mattress and their savings cobwebs and all to the land of the clowds, hope they can invest it up there or do some shopping at the local supermarkets in heaven angels at the counter,, it would be far better to give it all away as St.Francis of Assisi did and die in peace, unless the government grabs it first! Happy Christmas.
mario aquilina
Dec 10th 2009, 23:55
I thought that tax is only charged on interest earned.
Under the mattress, the only thing one gains, is cobwebs. No charge.
John Briffa @
Dec 10th 2009, 20:18
I would say very likely, things ain't what they used to be and we have come a long way since the post war years. We pay taxes in malta so whats good for the goose is good for the gander, we all fly the same flag or do we?
Martin Bezzina
Dec 10th 2009, 19:15
What happens if some people i know in Gozo tend to stash all their savings under the mattress for years on end accumulating thousands of Maltese Lira and now if they want to make the change over to euros, naturally the bank manager is going to know how much money they have saved, do they need to declare it all for tax purposes being Gozo and and all that?