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News - Media Releases 2018

17/04/2018

Coins commemorating the 50th anniversary of the Central Bank of Malta

On 17 April 2018 the Central Bank of Malta is celebrating its fiftieth anniversary. To mark this important milestone the Bank will be issuing numismatic coins in gold and silver.

The gold coins have a face value of €100, while the silver coins have a face value of €10. These coins are legal tender in Malta only. The €10 coin, which is limited to 2,500 pieces, is struck in silver (0.925 fine). It has a weight of 28.28g and a diameter of 38.61mm. The €100 coin is struck in gold (0.999 fine), weighs 15g and has a diameter of 26mm. The minting is limited to just 50 pieces.

The coins are struck to proof quality. They were designed and engraved by Noel Galea Bason and were struck at the Royal Dutch Mint. The reverse of the coins carries a representation of the façade of the Bank's newly-built premises, 'Binja Laparelli' located within St James's Counterguard in Valletta. The coins also bear a 50th Anniversary logo designed by Michael Grech and Daniel Galea of MCAST Arts and Design Institute. Selective gold-plating has been used on the silver coins. It is the first time that such a technique has been used on Maltese numismatic coins.

The obverse of the coins features the coat of arms of Malta together with the coins' denomination.

The setting up of a central bank for Malta was one of the recommendations made by United Nations team of experts in January 1964. Shortly after, on 21 September 1964, Malta gained independence from Britain. In 1967 draft legislation for the setting up of the Central Bank of Malta Act was steered through parliament and was passed in November of the same year. The Central Bank of Malta was formally established on 17 April 1968 by the coming into force of the Central Bank of Malta Act. 

The silver coins to be issued on 17 April may be purchased directly from the Malta Coin Centre's (MCC) online e-shop facility or from the main building of the Bank. The silver coin will be sold for €60. The gold coins have been allocated as per lot drawn by a public notary as announced on MCC's website and social media during February 2018.

For more information the public is kindly requested to contact the Malta Coin Centre by e-mail or by calling (+356) 2550 6006/7.

Silver coin commemorating the 50th anniversary of the Central Bank of Malta        Gold coin commemorating the 50th anniversary of the Central Bank of Malta

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