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20 Lira
| Issuer | Central Bank of Malta |
|---|---|
| Year | 1994 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#48 |
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|---|---|
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| Reverse description | A portrait vignette of Giorgio Borg Olivier (1911–1980), Prime Minister of Malta at the time of independence, occupies the left-centre field, with a caption identifying him below. To the right, a framed text panel reproduces the Independence proclamation dated 21 September 1964, flanked by ornate guilloche scrollwork and stylised doves in flight. The denomination appears at lower left and upper right against a warm ochre and salmon multicolour underprint. |
| Reverse lettering | BANK ĊENTRALI TA' MALTA IL-POPLU MALTI JIFRAĦ BIR-REBĦA TA' L-INDIPENDENZA TA' DAWN IL-GŻEJJER IL-LUM 21 TA' SETTEMBRU 1964 GĦOXRIN LIRA (Translation: Central Bank of Malta, the Maltese people rejoice in the victory of the independence of these islands today, 21 September 1964, Twenty Lira) |
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| Comments |
Malta joined the Exchange Rate Mechanism in 1992, pegging the Maltese lira to a basket of currencies dominated by the pound sterling, the Deutsche Mark, and the US dollar — a monetary policy that held until euro adoption in 2008. The 20 Lira was the highest denomination in regular circulation by the mid-1990s, and Thomas De La Rue's production for this series maintained the intaglio printing quality the partnership had delivered since Malta's Central Bank was established in 1968.
Pick 48 is the final type for this denomination before the series was retired ahead of euro convergence preparations.