Currency

Malta's currency is decimal. The Lira (Lm) is the unit of currency and is divided into 100 cents; each cent is again divided into 10 mils. There is no limit to the amount of foreign currency visitors may bring into Malta, providing it is declared upon arrival. However, the maximum amount of Maltese currency that may be brought into Malta is Lm 50. Visitors may not take out of Malta more than Lm 25 in Maltese currency.

Importation into Malta of foreign curreny

Non-residents may bring in any amount of foreign currency.

Exportation from Malta of foreign currency

Non-residents may also export any amount of foreign currency provided this amount does not exceed the amount of foreign currency they brought in. Where a non-resident intends to export an amount in excess of Lm1000 in foreign currency he/she may be requested to present proof of the amount of foreign currency that he/she brought in, in which case it is advisable that all foreign currency is declared upon arrival in Malta.

Importation into Malta of local currency

Up to Lm1000 in Maltese currency notes and coins may be imported into Malta by any resident/non-resident.

Exportation from Malta of local currency

Up to Lm1000 in Maltese currency notes and coins may be exported from Malta by any resident/non-resident.

Banks

Banking hours usually are between 8.30 a.m. and 12.30 p.m. Mondays to Fridays; they are open until 11.30 a.m. on Saturdays. Some banks are open to the public for longer hours. Opening hours change for the winter and summer seasons. Foreign exchange facilities are available at the International Airport on a 24-hour basis all year round. There are also a number of automated foreign exchange machines scattered around the islands as well at automated teller machines (ATMs). Also, a number of exchange brokers operate on the islands.

Credit Cards