
What Currency Does Malta Use?
Malta uses the euro (EUR) as its official currency. UK travellers must pay in euros—pounds are not accepted.
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.