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Maltese Currency Conversion


Maltese scudo

The scudo (plural scudi) is the official currency of the Sovereign Military Order of Malta and was the currency of Malta during the rule of the Order over Malta, which ended in 1798. It is subdivided into 12 tari (singular taro), each of 20 grani with 6 piccioli to the grano.

The loss of Malta in 1798 interrupted the issuing of the Order of St John’s coin. Minting of its coins was not resumed until 1961, since which time the Order has regularly issued new coins as part of its monetary system: 1 Scudo = 12 Tarì = 240 Grani.

1 scudo = 1s 8d (British)
1 scudo = 8c 3m (Maltese)
1 scudo = 19.1 cents (Euro)

1 scudo = 12 tari
1 taro = 1⅗d (British)
1 taro = 6.4m (Maltese)
1 taro = 1.6 cent (euro)

1 grano = ⅓ farthing
12 grani = 1 cent (euro)

During the British rule the pound was valued at 12 scudi of the local currency. This exchange rate meant that the smallest Maltese coin, the grano, was worth one third of a farthing (1 scudo = 12 tari = 240 grani). Consequently, ⅓ farthing coins were issued for use in Malta until 1913, alongside the regular British coinage.

The rate of conversion of the present Order of St John scudo with the Euro is: 1 Scudo = 0.24 Euro; and 1 Tarì = 0.02 Euro.  The Order’s new coins after Malta were minted in Rome (1961), Paris (1962) and Arezzo (1963), and was transferred to the Order’s own Mint in 1964.

British

1£ = 20s = 240d

1s = 12d

half crown = 2s 6d

1crown = 5s

Money was divided into pounds (£) shillings (s. or /-) and pennies (d.). Thus, 4 pounds, eight shillings and fourpence would be written as £4/8/4d. or £4-8-4d.

There were:

20 shillings in £1 – a shilling was often called ‘bob’, so ‘ten bob’ was 10/-
12 pennies in1 shilling
240 pennies in £1

Pennies were broken down into other coins:
a farthing (a fourth-thing) was ¼ of a penny
a halfpenny (hay-p’ny) was ½ of a penny
three farthings was ¾ of a penny

British Grain  (Habba) ⅓ farthing

Other coins of a value less than 1/- were
a half-groat (2d) 6 x 2d = 1/-
a threepenny bit (3d) made of silver 4 x 3d. = 1/-
a groat (4d) 3 x 4d = 1/-
sixpence (silver) – often called a ‘tanner’ 2 x 6d = 1/-

Coins of more than 1/- but less than £1 in value were
a two shilling piece (called a florin) 10 x 2/- = £1
a half-crown ( 2/6d) 8 x 2/6d = £1
a crown (5/-) 4 x 5/- = £1
ten shillings (a half-sovereign) 2 x 10/- = £1
a half-guinea (10/6d) 2 x 10/6d = £1/1/-
A £1 coin was called a Sovereign and was made of gold. A paper pound often was called a ‘quid’.
Coins of more than £1 were
a guinea (£1/1/-)
a £5 coin

Maltese to British

4mills = 1d
5cents = 1s
100cents = 20s = 1£

British MTL
1d 4m
2d 8m
2½d 1c
3d 1c 3
4d 1c 7
5d 2c
6d 2c 5
7d 2c 9
8d 3c 3
9d 3c 7
10d 4c 2
11d 4c 6
1s 5c
2s 10c
2s 6d 12c 5
5s 25c
10s 50c
15s 75c
20s 1Lm

Maltese to euro

1€ = 0.423 Lm
1Lm = 2.33€

EUR MTL
0.50 0.21
1.00 0.43
2.00 0.86
5.00 2.15
10.00 4.29
20.00 8.59
50.00 21.47
100.00 42.93
200.00 85.86
500.00 214.65
1000.00 429.30
2000.00 858.60
5000.00 2146.50
10,000.00 4293.00
20,000.00 8586.01
50,000.00 21,465.02
100,000.00 42,930.05

 

MTL EUR
0.20 0.47
0.50 1.16
1.00 2.33
2.00 4.66
5.00 11.65
10.00 23.29
20.00 46.59
50.00 116.47
100.00 232.94
200.00 465.87
500.00 1164.69
1000.00 2329.37
2000.00 4658.74
5000.00 11,646.85
10,000.00 23,293.71
20,000.00 46,587.42
50,000.00 116,468.55

 

 

At transferring in XIX century on an English monetary system 1 pound sterling has been equal to 12,5 scudo.

 

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