Is­sue of coin com­mem­o­rat­ing the 10 years of the euro in Malta

The Malta Business Weekly - - FRONT PAGE -

On 9 May the Cen­tral Bank of Malta is­sued a nu­mis­matic coin to com­mem­o­rate ten years since Malta adopted the euro.

The coin, which will be struck in cupron­ickel, has a face value of €5 and is only le­gal ten­der in Malta. It has a weight of 15.50g and a di­am­e­ter of 33mm. The mint­ing limit is 2,000 pieces. The coins are pro­duced to Bril­liant Un­cir­cu­lated qual­ity and were de­signed and minted at the Royal Dutch Mint.

The re­verse of the coins car­ries a styl­ized rep­re­sen­ta­tion of ‘Malta’ and ‘Europa’ meant to sym­bol­ize Malta’s cur­rency tran­si­tion from the Mal­tese lira to euro in 2008. The ob­verse of the coin fea­tures the coat of arms of Malta. When Malta be­came an EU mem­ber state on 1 May 2004 the coun­try was com­mit­ted to join the EMU and adopt the sin­gle Euro­pean cur­rency. To be able to do this Malta had to ful­fil a number of con­di­tions con­cern­ing the sta­bil­ity of pub­lic fi­nances, prices, in­ter­est rates and the ex­change rate. Malta adopted the euro on 1 Jan­uary 2008. Selling at €20 each, coins may be pur­chased di­rectly from the Malta Coin Cen­tre’s on­line e-shop fa­cil­ity on www.mal­ta­co­in­cen­ or from the main build­ing of the Cen­tral Bank of Malta. For more in­for­ma­tion the pub­lic is kindly re­quested to con­tact the Malta Coin Cen­tre by email on mcc@cen­tral­ or by call­ing (+356) 2550 6006/7.

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