The Govering Council of the ECB keeps interest rates unchanged -
At a meeting held on 2 July 2009 in Luxembourg, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Collective agreement signed between the Central Bank of Malta and UHBĊ -
The Central Bank of Malta and the Union Ħaddiema Bank Ċentrali, which represents the clerical grades within the Bank, on 23 June 2009 signed a collective agreement covering the period from 2009 to 2011.
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Issue of collector coins featuring “La Castellania”
The Central Bank of Malta has issued a silver and a gold coin with the theme “La Castellania” as part of the Europa Programme 2009 dedicated to ‘Cultural Heritage’.
Architecturally, the Castellania is one of the most striking buildings in Merchants Street in Valletta. The present building is the result of a reconstruction, started in 1748 by Grand Master Emanuel Pinto, a fact ostentatiously evidenced by the eighteen crescents (sixteen around the doorway and two on the door) symbolically shown on the ornate central element of the façade, the crescent being a heraldic component of that Portuguese Grand Master’s coat-of-arms. The Castellania served to house the Civil and Criminal Tribunals of the Order and also provided accommodation for the Castellano. Since 1895 this building has housed the Medical and Public Health Head Office.
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Central Bank of Malta Quarterly Review: First Issue 2009 -
The Central Bank of Malta has published the first issue of its Quarterly Review for 2009, which analyses economic and financial developments during the fourth quarter of 2008 and the initial months of 2009.
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Directive No.1: The Provision and Use of Payment Services -
The Central Bank of Malta and the Malta Financial Services Authority (MFSA) are responsible for the transposition of Directive 2007/64/EC of the European Parliament and of the EU Council of 13 November 2007 on payment services in the internal market.
In order to transpose Titles III and IV of the Directive, the Central Bank of Malta is issuing a proposal for Directive 1 which will lay down rules concerning transparency of conditions and information requirements for payment services and the respective rights and obligations of payment service users and payment service providers in relation to the provision of payment services as a regular occupation or business activity. It is the intention of the Central Bank of Malta to bring this proposed Directive into force on 1 November 2009. Minor fine-tuning amendments may be effected to the Directive at that stage.
The MFSA will regulate the licensing and registration of such payment service providers.
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Exchange of Maltese lira at the Central Bank of Malta -
The Central Bank of Malta will continue to exchange, at the irrevocably fixed conversion rate and without charge, Maltese lira coins until 1 February 2010 and Maltese lira banknotes until 31 January 2018.
The public is also asked to take note that exchanges are conducted only at the Bank’s Annex at St James’s Counterguard, Valletta, which is easily accessible from the bus terminus at City Gate.
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