218BC: The Carthaginians were the first to introduce bronze coins in
35BC: At about this time Maltese coins became completely Roman in character with the first appearance of the Graeco-Latin inscription - MELITAS (of
AD395 to 1530: Between the division of the Roman Empire in AD395 and the arrival of the Order of
1530-1798: The Order of St John acquired the right to mint its own coins in
1798-1800: After the surrender of
1800-1850: With the advent of the British Protectorate in 1800 the mint ceased to function. During the first 50 years of British rule the circulating coinage was a potpourri of foreign coins. British gold sovereigns and half sovereigns were also introduced in 1826.
1855: British coins were declared the sole legal tender with all the remaining gold and silver of the Order and the foreign coins demonetised. Despite this, the Sicilian dollar continued to dominate the local circulation, until it was finally withdrawn in 1886 when it was demonetised by the Italian government.
1972: On May 16,
1975: An octagonal 25c denomination in brass was introduced in December.
1986/1987: A new set of seven definitive coins in denominations of Lm1, 50c, 25c, 10c, 5c, 2c and 1c was issued.
2008: On January 1, the island adopted its own euro coins with symbols of the island's Coat of Arms, the Maltese Cross and the altar of the Mnajdra Temples. There are eight denominations in all: €2, €1, €0.50, €0.20, €0.10, €0.05, €0.02 and €0.01.
* Information adapted from a lecture by Commendatore Joseph C. Sammut at the 19th annual conference of Banking and Finance in the
Both central banks had paid the remainder of their contributions to the capital of the ECB and had likewise made their payments into the ECB's foreign reserve assets.
"The Cypriot and Maltese counterparties of the Eurosystem will be able to participate in the Eurosystem's main refinancing operations for the first time on 3 January 2008," the ECB statement said.