MTL (Maltese Lira)

DEFINITION of 'MTL (Maltese Lira)'

The currency abbreviation for the Maltese lira (MTL), the currency for Malta from 1972 until December of 2007. The Maltese lira was made up of 100 cents or 1,000 mils, although mils stopped circulating in 1994. The Maltese lira was often presented with the symbol Lm or £ (used locally), and was sometimes referred to as the Maltese pound in English.

Malta adopted the Euro in January 2008.

BREAKING DOWN 'MTL (Maltese Lira)'

Malta gained its independence from England in 1964, but until 1972 the British pound continued to circulate. In 1971, when the United Kingdom decimalized, Malta did not follow suit, and instead created its own decimal system based on the lira. From 1973 until 1986 both the pound and lira circulated, after which the lira circulated exclusively.

RELATED TERMS
  1. MTL

    In currencies, this is the abbreviation for the Maltese Lira.
  2. TRY (Turkish New Lira)

    The currency abbreviation for the Turkish new lira (TRY), the ...
  3. Locked-In Retirement Account - ...

    A type of registered retirement savings alternative that locks ...
  4. Currency In Circulation

    Currency that is physically used to conduct transactions between ...
  5. LBP

    The currency abbreviation or currency symbol for the Lebanese ...
  6. CYP

    The ISO 4217 currency code for the Cypriot pound. The Cypriot ...
Related Articles
  1. Economics

    How Healthy Are Turkish Banks?

    Turkish banks remain vulnerable to the Federal Reserve’s expected rate hike that could curb capital flows to emerging markets.
  2. Mutual Funds & ETFs

    The Top European Equity Exchange-traded Funds

    Despite geopolitical challenges, Europe’s economic strength is vast – ETFs provide interesting options for investors to increase equity exposure.
  3. Economics

    How Central Banks Control The Supply Of Money

    A look at the ways central banks pump or drain money from the economy to keep it healthy.
  4. Investing

    The Most-traded ETFs in the United Kingdom

    The UK is the second-largest economy in Europe - ETFs are a highly interesting option for investors who intend to increase exposure to this market.
  5. Economics

    Understanding Money Supply

    Money supply – also called money stock -- refers to the total amount of currency and other liquid financial products in an economy at a particular time.
  6. Switzerland's Biggest Equities ETFs

    Despite challenging times for some Swiss firms, investments in the Swiss stock market are still considered a safe haven and ETFs are an interesting option.
  7. The Biggest Commodity Exchange-traded Funds

    Exchange-traded commodity funds provide interested investors an easy opportunity to participate in this less traditional investment market.
  8. Personal Finance

    The Currency Board: Understanding The Government's Bank

    Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
  9. Forex Education

    Forex Currencies: The GBP/USD

    By Brian PerryAlthough it is small in terms of land mass, the economy of the United Kingdom (U.K.) is prosperous. The British (U.K.) pound sterling (or pound) plays an important role in the international ...
  10. Trading Strategies

    Simulator How-To Guide: Ticker Symbol Look Up

    As you noticed while you were buying shares of Wal-Mart, all brokerages (simulated or not) require you to input the company's stock symbol to place any trade. In fact, all stock exchanges ...
RELATED FAQS
  1. What are the main benefits of a Locked-in Retirement Account (LIRA)?

    Read about the main benefits you can realize from transferring your Canadian pension funds into a Locked-in Retirement Account, ... Read Answer >>
  2. What happens to a Locked-In Retirement Account (LIRA) in the case of a divorce or ...

    Learn different options in cases of divorce where assets are held in Canadian Locked-In Retirement Accounts. Learn which ... Read Answer >>
  3. Where can I transfer money from a Locked-in Retirement Account (LIRA) to?

    Transfers of money from a LIRA can be made to another LIRA account, to an LIF account or to an insurance company in order ... Read Answer >>
  4. Who can transfer funds to a Locked-in Retirement Account (LIRA)?

    Transferring funds into a LIRA account can be initiated by owners of defined contribution plans or defined pension plans ... Read Answer >>
  5. What happens to my Locked-In Retirement Account (LIRA) balance when I die?

    Understand that in the event of your death, Locked-In Retirement Account death benefits will be transferred to your partner, ... Read Answer >>
  6. What are the restrictions for withdrawing my Locked-in Retirement Account (LIRA) ...

    Learn about Locked-in Retirement Funds and options available for receiving retirement income. Explore circumstances when ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  5. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  6. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
Trading Center