People queue to exchange old coins as deadline looms

People have been queuing outside the annex of the Central Bank of Malta this morning to exchange their old Maltese lira coins. The coins can only be exchanged until 1 p.m., after which they cease to be legal tender. Up to last week, 159 million of...

People have been queuing outside the annex of the Central Bank of Malta this morning to exchange their old Maltese lira coins.

The coins can only be exchanged until 1 p.m., after which they cease to be legal tender.

Up to last week, 159 million of these coins with a value of Lm11 million (€25.62 million) were still in circulation.

The Central Bank of Malta will continue to exchange Maltese lira banknotes until January 31, 2018.

The old coins will be sold as scrap metal.

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