maltese lira

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maltese lira

The Maltese lira was used to purchase goods in Malta.

Definition

Noun: - The former basic monetary unit of Malta: The Maltese lira was the official currency of Malta before the country adopted the euro. It was subdivided into 100 cents.

Usage
  • The Maltese lira was replaced by the euro in 2008.
  • Prices for goods were quoted in Maltese lira for many decades.
  • Collectors seek out old coins, such as the Maltese lira.
Advanced Usage
  • Historical Financial Context: The term is primarily used in historical or financial discussions about Malta's economy prior to 2008.
    • The stability of the Maltese lira was a key factor in the country's economic development.
Variants and Related Words
  • Lira: The singular form; also the name of the former currency of Italy and several other countries.
  • Maltese cent: The subdivision of the Maltese lira; 100 cents equaled 1 lira.
  • MTL: The common abbreviation for the Maltese Lira (also symbolized as Lm).
Synonyms
  • Maltese pound: An alternative, less common name for the same currency unit.
Related Phrases
  • Pre-euro currency: A phrase describing currencies, like the Maltese lira, used in Eurozone nations before the euro's introduction.
maltese lira

The Maltese lira was used to purchase goods in Malta.

Noun
  1. the basic unit of money on Malta; equal to 100 cents

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