Monetary Statistical Release 11/2006-
Broad money (M3) contracted by Lm6.8 million, or 0.2%, in September. As a result, its annual growth rate fell to 4.3% from 5.1% in August. While both the main determinants of monetary growth, domestic credit and the net foreign assets of the banking system, rose, their impact was offset by a notable increase in the other counterparts of M3 mostly as a result of a decline in the banks’ other assets following the half yearly debiting of interest to the accounts of borrowing customers.
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Central Bank of Malta Raises the Central Intervention Rate-
The Central Bank of Malta raised the central intervention rate by 25 basis points to 3.75%. The decision was taken by the Governor at the end of the Monetary Policy Advisory Council meeting held this morning.
On the basis of the Council’s deliberations, the Governor concluded that an increase in official interest rates was called for. Click here for more...
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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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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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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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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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