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Minting of Malta’s euro coins-
The Central Bank of Malta is pleased to announce that, following a call for tenders, the Monnaie de Paris has been awarded the contract for the minting of euro coins bearing the Maltese national side. The Monnaie de Paris is the State-owned mint that has been responsible for the minting of all French euro coins. A contract with the Monnaie de Paris will be concluded in the coming weeks, following which an agreement will be entered into with the Commission of the European Communities through a Memorandum of Understanding that will allow a number of preparatory tasks to be carried out for the production of the Maltese euro coins. Click here for more...
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Monetary Statistical Release 10/2006- Broad money (M3) increased by Lm30.0 million, or 1.0%, in August, with its annual growth rate edging up to 5.2% from 5.1% in July. Monetary growth stemmed from increased credit to the non-bank private sector and a rise in the net foreign assets of the banking system.
Narrow money (M1) contracted by Lm11.0 million, or 0.7%, in August. Deposits withdrawable on demand accounted for most of the fall, shedding Lm8.4 million, or 0.7%, mainly on account of a decline in Maltese lira deposits belonging to ‘other financial intermediaries and financial auxiliaries’ that reversed the previous month’s rise. At the same time, currency in circulation dropped by Lm2.6 million, or 0.5%. As a result, the year-on-year rate of growth of M1 slowed down to 1.8% in August from 3.3% in July.
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Governor presides over the opening of a new international bank- In his opening remarks at the inauguration of the premises of Mediterranean Bank plc, a foreign-owned private bank offering portfolio and wealth management services to clients mainly in the Mediterranean basin countries, the Governor welcomed the rapid growth in Malta’s financial services industry in recent years but emphasized the responsibility of all financial market players in upholding the highest standards of integrity and efficiency. Click here for more...
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Central Bank of Malta leaves the central intervention rate unchanged-
The Central Bank of Malta left the central intervention rate unchanged at 3.50%. The decision was taken by the Governor at the end of the Monetary Policy Advisory Council meeting held on 27 September 2006.
The Governor observed that domestic financial market conditions had remained broadly unchanged since the previous Council meeting, such that the current monetary policy stance continued to be appropriate. Click here for more...
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Sir Temistokle Zammit Commemorative Coin-
The Central Bank of Malta is pleased to announce the issue of a silver proof coin. This coin commemorates Sir Temistokle Zammit, scientist, archaeologist and prolific writer, who lived between 1864 and 1935.
The obverse of the coin shows the Emblem of Malta with the year of issue 2006. Click here for more...
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Central Bank of Malta Quarterly Review - Second Issue 2006-
The Central Bank of Malta has published the second issue of its Quarterly Review for 2006, which analyses economic and financial developments both in Malta and abroad since the beginning of 2006 with an emphasis on the first quarter.
The Review notes that after maintaining an unchanged monetary policy stance during the first quarter, the Bank raised the central intervention rate by 25 basis points to 3.50% in May. Click here for more...
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The Maltese lira is the only legal tender currency in Malta- The Central Bank of Malta would like to remind the public that the Maltese lira remains the only legal tender currency in Malta and will remain so until Malta adopts the euro. Until that time the euro is to be treated as a foreign currency like any other. Click here for more...
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