The Central Bank pointed out yesterday that the euro will become the sole legal tender currency as from February 1.
All Maltese lira banknotes and coins will cease to be legal tender from that date. These banknotes and coins shall, however, continue to be exchangeable for euro notes and coins at the irrevocably fixed conversion rate without charges at all banks until March 29.
The Central Bank will continue to exchange, at the irrevocably fixed conversion rate and without charges, Maltese lira coins until February 1, 2010 and Maltese lira banknotes until January 31, 2018.
No Maltese lira banknote or coin will have any value after these dates.