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.

Noun

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