Malta Currency | Euro (EUR) Guide

💰 Official Currency of Malta

Malta’s official currency is the Euro (€).
The international currency code is EUR, and the symbol is €.

The Euro is the only legal tender in Malta. Daily expenses, tourist payments, and all official transactions are carried out in Euros.

🏛️ Brief History of Malta’s Currency

Malta adopted the Euro in 2008, replacing the former Maltese Lira. This transition was a significant economic step to strengthen the country’s integration with the European economy.

Malta’s monetary policy is managed by the Central Bank of Malta, and the country is also a member of the European Union (EU).

Malta’s economy relies heavily on tourism, financial services, logistics, and international trade.

💹 Euro Code and Subunit

• Currency Code: EUR

• Symbol: €

• Subunit: 1 Euro = 100 cents

Cents are commonly used for everyday transactions.

💱 Banknotes and Coins Used in Malta

📌 Common Euro Banknotes

5 €
10 €
20 €
50 €
100 €
200 €

(Note: 500 € banknotes are limited in circulation.)

📌 Common Euro Coins

1 cent
2 cents
5 cents
10 cents
20 cents
50 cents
1 €
2 €

Euro banknotes are standard across the Eurozone. Malta-specific coins feature historical and cultural symbols on the reverse side.

💸 Can I Send Money from Turkey to Malta?

Yes.

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• Send money to over 185 countries

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You can visit the relevant transfer page to send money from Turkey to Malta.

🌍 Can Euro Be Used in Turkey?

No.
The Euro is not legal tender in Turkey but can be exchanged at currency exchange offices.

Transactions between Turkey and Malta usually involve currency conversion. With PayPorter, secure transfers from Malta to Turkey are also possible.

💡 Interesting Facts About Malta’s Currency

• Malta is part of the Eurozone.

• Tourism is one of the main sources of income for the economy.

• Credit card and contactless payments are widely used.

• Cash is still preferred in small businesses.

• All official payments are made exclusively in Euros.

❓ Frequently Asked Questions About Malta’s Currency

What is the official currency of Malta?

The official currency is the Euro (EUR).

Are other currencies accepted in Malta?

No. The only legal tender is the Euro.

Can I send money from Turkey to Malta?

Yes. You can send money quickly and securely with PayPorter.

Is credit card usage common in Malta?

Yes. Credit cards and contactless payments are widely used throughout the country.

Can I withdraw cash from ATMs in Malta?

Yes. ATMs are common in city centers, tourist areas, and shopping districts. Fees vary depending on the bank.

Last Uptade: February 2026

This content is provided for general informational purposes only and does not aim to cover all aspects of the topics discussed. The information herein should not be considered a substitute for advice from a qualified professional. Nothing in this publication should be interpreted as legal, tax, or professional advice provided by PayPorter or its affiliates. While we strive to keep our content accurate and up to date, we make no representations or warranties regarding the completeness, accuracy, or timeliness of the information provided.