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20 Lira
| Issuer | Central Bank of Malta |
|---|---|
| Year | 1994 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | Bank Ċentrali ta' Malta Din il-karta tal-flus hija valuta legali għal GĦOXRIN LIRA f`Malta u maħruġa bl-awtorità ta' l-Att ta' l-1967 tal-Bank Ċentrali ta' Malta (Translation: Central Bank of Malta, This banknote is legal tender for Twenty Lira in Malta and issued with the authority of the Central Bank of Malta Act of 1967) |
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| 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.