Coins of the Maltese lira Coins of the Maltese lira Coins of the Maltese lira have been struck from when Malta adopted decimal currency in 1972, to 2007, after which Malta adopted the euro. There were 10 mils in one cent, and 100 cents in one Maltese lira. The coins in this series replaced the pre-decimal Pound Sterling which had been in use in Malta since 1825. Therefore, the sizes for some coins were similar to their pre-decimal equivalents, for example the 5c was similar to the shilling and the 10c to the two shillings. These coins were designed by Christopher Ironside OBE. In June
Decimal Day Decimal Day On 15 February 1971, known as Decimal Day, the United Kingdom and Ireland decimalised their currencies. Under the old currency of pounds, shillings and pence, the pound was made up of 240 pence (denoted by the letter "d" for Latin "denarius" and now referred to as "old pence"), with 12 pence in a shilling and 20 shillings (denoted by "s" for Latin "solidus") in a pound. The loss of value of the currency meant that the "old" penny, with the same diameter as the US half-dollar, had become of relatively low value. The Coinage Act of 1792 had