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20 Lira
| Issuer | Central Bank of Malta |
|---|---|
| Year | 1986 |
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| Composition | Cotton paper |
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| Obverse description | Portrait of President Agatha Barbara to the right, with her name inscribed below in red; a vignette of a Phoenician sailing vessel and a map of Malta occupies the centre-left field against a multicolour guilloche underprint. The denomination 'GĦOXRIN LIRA' is printed in bold red intaglio lettering at centre, with the numeral '20' rendered in large green figures at lower left, and the Bank Centrali ta' Malta title across the top. |
|---|---|
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| Reverse description | The reverse carries a vignette of the Berġa ta' Kastilja (Auberge de Castille) in Valletta at left and the Monument tal-Ħaddiem (Workers' Monument) in Msida at right, with the Maltese arms displayed at upper left. The design is set over a fine multicolour guilloche underprint with the denomination numerals repeated in the background. |
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| Comments |
Malta's Central Bank issued this 20 Lira note during a period when the Maltese lira was pegged at a notably high fixed rate — deliberately maintained above sterling parity as a matter of national economic policy. The denomination itself was substantial for everyday use; 20 Lira in 1986 represented roughly two weeks' wages for many working Maltese, meaning these notes saw relatively careful handling and rarely accumulated heavy wear before being withdrawn.
De La Rue had printed Maltese currency since independence, a relationship built on the old colonial banking infrastructure. The P#40 series was eventually superseded in the early 1990s.