What Currency Does Malta Use?

What Currency Does Malta Use? (UK Traveller’s Guide)

Planning a trip to Malta from the UK? Whether you're heading to Valletta, Gozo or Comino, it's important to know which currency is accepted before you start budgeting or exchanging money. Malta is a member of the European Union and uses the euro, making spending easy and familiar for many UK visitors who have travelled across Europe. This guide covers everything you need to know about the currency used in Malta and how to manage your money smartly while abroad.

What Is the Official Currency of Malta?

The official currency of Malta is the euro (EUR).

• Currency name: Euro

• Currency symbol: €

• ISO code: EUR

• Subunit: 1 euro = 100 cents

The euro is issued by the Central Bank of Malta and regulated by the European Central Bank, as Malta is part of the Eurozone.

When Did Malta Adopt the Euro?

Malta adopted the euro on 1 January 2008, replacing the Maltese lira (MTL). Since then, all payments—whether by cash, card, or bank transfer—are conducted in euros across the country.

How Does Currency Work in Practice?

In Malta, the euro is used for:

• All retail and hospitality transactions

• Public transport, museums and guided tours

• Contactless payments and online bookings

• Cash withdrawals at ATMs

UK debit and credit cards are widely accepted. Most locations accept Visa, Mastercard and Amex, though smaller shops may prefer cash for minor purchases.

Benefits and Considerations for UK Travellers

Benefits:

• Euros are familiar and widely used throughout Europe

• No need for niche or hard-to-source currencies

• Card payments are accepted almost everywhere

• ATMs are easily accessible across Malta, Gozo and even the airport

Considerations:

• GBP is not accepted—you must pay in EUR

• If asked whether to pay in GBP or EUR, always choose EUR to avoid poor exchange rates

• Use a card that offers fee-free foreign transactions to avoid unnecessary costs

Smart Currency Tips for Malta

• Bring a travel debit card (e.g. Monzo, Starling, Wise or Chase UK) to get better exchange rates with no or low fees

• Use ATMs in town centres or banks (not airports) for more favourable rates

• Avoid exchanging cash at hotels or airports

• Use Google or XE currency converter to track live exchange rates

FAQs

Can I use pounds in Malta?
No. The only accepted currency in Malta is the euro.

Should I bring cash or card?
Both are useful. While card payments are accepted almost everywhere, having a small amount of cash is helpful for tips, taxis, and small independent businesses.

Is tipping expected?
Tipping is appreciated but not obligatory. Rounding up the bill or adding 5–10% for good service is common.