2 Cents

Malta's cent-denomination coinage from this period was struck under the authority of the Central Bank of Malta following the country's full monetary independence from British sterling, which had formally concluded with the introduction of the Maltese lira system in 1972. These pieces circulated with minimal interruption until Malta's adoption of the euro on 1 January 2008, at which point the entire lira coinage series was demonetized simultaneously — one of the cleaner currency transitions among early eurozone entrants, with a fixed conversion rate of 0.4293 Maltese liri to one euro.