Home
Subscribe
Publications
Media
Library
Career Opportunities
Contact Us
[0] Items in your Shopping Cart
Aa
About Us
Monetary Policy
Financial Stability
Payment Systems
Market Operations
Currency
Economics & Statistics
Regulatory Compliance
Quick Links
Macro-econometric Models
Publications
Economic Update
Economic Projections
The Euro - An informative guide
The Library
The Eurosystem
Speeches
Legislation
FAQs
Other Links
Home
Sitemap
Sitemap
Home
About us
Our role and functions
Introduction
Local relations
International relations
Functions
Maintenance of price stability
Reserves management
Banker to the banks and the public sector
Ensuring financial stability
Issue of currency
Relations with international institutions
Economic analysis and research
Collecting, compiling, disseminating and publishing statistics
Promoting & supporting the development of financial markets & efficient payment & settlement systems
Formulation and implementation of a macro-prudential policy
Mission statement
Governance
Board of Directors
Ms Philomena Meli
Dr Peter J Baldacchino
Mr Alexander Demarco
Mr Oliver Bonello
Dr Mario Vella
Professor Frank Bezzina
Dr Romina Cuschieri
Audit Committee
Management structure
Internal Audit
Data protection
External audit
Code of Ethics and other policies
Economic and Financial Affairs Committee
Management of Risk
Our history
History of premises
Coat of arms
The Central Bank of Malta logo
Governors past and present
Procurement
Archive of past tenders
Legislation
Central Bank of Malta Act
Central Bank of Malta Directives
Office Hours
Holidays
FAQs
Balance sheet
Archive
Education
Publications
Requests for visits
Games and videos
Games
Matching pairs
Puzzles
Word search
ECB games
Videos
Other educational initiatives
International Central Banking Courses
Careers and Training
Careers
Career opportunities
Health and Safety
Staff Social Club
Current opportunities
Recruitment channels
Selection process
Vacancies
Job alert
Benefits
Training
Training opportunities
Learning Research and Development Study Programme
ESCB work experience
Publication of calendars of the Central Bank of Malta Members of the European Central Bank Governing Council and Supervisory Board
CBM Art, Culture & Heritage
Ġanni Bonnici (1932-2019)
News
Subscribe
Manage subscription
Contact Us
Exchange rates
Other indicative foreign exchange rates
Average exchange rates
Historic exchange rates
CBM middle exchange rates by date
CBM middle exchange rates by currency
Monetary policy
The main objective of monetary policy - price stability
The transmission mechanism of monetary policy
European Central Bank interest rates
Monetary policy instruments
Open market operations
Standing facilities
Minimum reserve requirements
Eligible assets and counterparties
Asset Purchase Programme (APP)
Financial Stability
Macro-prudential analysis and oversight
CEBS 2010 EU-wide stress testing exercise
EBA 2011 EU-wide stress testing exercise
2014 Comprehensive Assessment
2015 Comprehensive Assessment
2016 EU-Wide Stress Test
2018 EU-Wide Stress Test
Macro-prudential policy
Tools
Countercyclical Capital Buffer
Systemically Important Institutions
Borrower-Based Measures
Reciprocity
Crisis management
Financial Stability Notifications and Consultations
Payment Systems
Interbank payment systems
Retail payment systems and services
The Single Euro Payments Area (SEPA)
International Bank Account Number (IBAN)
Malta Clearing House
Interchange Fee Regulation (IFR)
The revised Payment Services Directive (PSD2)
Securities settlement systems
Oversight
Oversight standards
Domestic payments and securities settlement system
Eurosystem Oversight Report
Regulation
Statistics
Central Credit Register
Economics and Statistics
Economic analysis and research
Economic projections
Archive of economic projections
Macro-econometric models
STREAM
MEDSEA
Sample surveys
Household Finance and Consumption Survey
Wage Dynamics Network
Historical Annual Database
Business Conditions Index
Real-Time Macroeconomic Database
Statistics
Monetary and Banking
Financial accounts
Government finance
Financial stability
External
Official Reserve Assets
Methodological Notes
Template on International Reserves and Foreign Currency Liquidity Data
Official Reserve Assets - Methodological Notes
Template on International Reserves and Foreign Currency Liquidity - Methodological Notes
Real economy indicators
Special Data Dissemination Standard (SDDS)
Euro area indicators
Statutory returns, report forms and instructions
Advance Release Calendar
Related links
FAQs - Statistics
Classifications
INFOSTAT Respondents' Portal
The implementation of the ECB’s AnaCredit Regulation in Malta
Investment Funds
Insurance Undertakings
Interest Rates and Other Key Financial Market Rates
Securities Issues
Quick Links
The Library
Rules & Procedures
Library Policies
Library Search
Ask a Librarian
Book Purchase Request
Library Terms and conditions
Publications
Quarterly Review
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
2017
2018
2019
2020
Annual Report
Financial Stability Report
Economic Research
2014
2013
Pre-2013
2014
A reassessment of the sustainability of pension reforms in Europe (2014)
British tourism demand elasticities in Mediterranean countries (2014)
Assessing the sustainability of pension reforms in Europe: a pension wealth approach (2014)
The demand for currency in Malta (2014)
Introducing explicit pension age changes as in the UK is not the end of the line (2014)
French and German tourism in the Mediterranean - a market share analysis (2014)
Pension policy design: The core issues (2014)
2013
Assessing the sustainability of pension reforms in Europe (2013)
Adapting the Hodrick-Prescott filter for very small open economies (2013)
Pension reform sustainability in the EU: A pension wealth-based framework (2013)
How best to measure pension adequacy (2013)
Reforms across Europe linking pension benefits to contributions may push some elderly into poverty (2013)
2015
2015
Evaluating the possible impact of pension reforms on elderly poverty in Europe (2015)
The social sustainability of pensions in Europe (2015)
Pension reforms in the 1990s and during the financial crisis: More of the same? (2015)
Assessing the impact of the reforms in Europe on the sufficiency of pensions (2015)
Public debt, population ageing and medium-term growth (2015)
Structural changes in the Maltese economy (2015)
Pension reforms since the financial crisis could have a serious impact on the future retirement incomes of young Europeans (2015)
Assessing potential output growth of the Maltese economy using a production function approach (2015)
The financial crisis and differences in state pension generosity across EU countries (2015)
Convergence or divergence? How the financial crisis affected European pensioners (2015)
Pension policy design changes in EU countries since the mid-1990s (2015)
Comparing fiscal multipliers across models and countries in Europe (2015)
Results of the 2014 Wage Dynamics Network for Malta (2015)
Analysing correlation between the MSE index and global stock markets (2015)
2016
Saving and investment behaviour in the euro area (2016)
A multivariate filter to estimate potential output and NAIRU for the Maltese economy (2016)
The adjustment of Maltese firms to the post-crisis economic environment: evidence from a firm-level survey (2016)
Labour market modelling in the light of the financial crisis (2016)
The role of asymmetries and banking sector indicators in the interest rate pass-through in Malta (2016)
Drivers of low inflation in Malta after the crisis (2016)
Sectorial ULCs as Measures of Competitiveness: An Analysis of Southern Euro Area Economies (2016)
Determinants of labour productivity in Malta: Evidence from a Firm-level Survey (2016)
2016
2015
2016
2017
Empirical estimates of Okun’s law in Malta (2017)
Low inflation in the euro area: causes and consequences (2017)
The impact of pension age changes - the case of Malta (2017)
A sectoral supply-side model to assess the impact of labour market reforms in Malta (2017)
Comparing state pension reforms in EU countries before and after 2008 (2017)
Did Malta’s accession to the EU raise its potential growth? A focus on the foreign workforce (2017)
2017
2017
2018
Constructing an index to examine house price misalignment with fundamentals in Malta (2018)
Fiscal compact and debt consolidation dynamics (2018)
Estimating the impact of structural reforms to increase the female participation rate in Malta (2018)
What makes pension reforms sustainable? (2018)
About Local Projection Impulse Response Function Reliability (2018)
Structural policies in the euro area (2018)
Constructing a Financial Condition Index for a small-open economy: The case of Malta (2018)
2018
2018
2019
2019
From a deficit to a surplus country – The case of Malta (2019)
Estimates of input-output multipliers for the Maltese economy based on the symmetric input-output table for 2010 (2019)
Time variation, asymmetry and threshold effects in Malta's Phillips curve (2019)
A reassessment of external demand’s contribution to Malta’s economic growth (2019)
SMEs as drivers of economic growth: The case of Malta (2019)
Wealth Effects on Consumption in Malta: Evidence from Household Level Data (2019)
Income and Wealth Inequality in Malta (2019)
Understanding low wage growth in the euro area and European countries (2019)
Comparing Fiscal Consolidation Multipliers across Models in Europe (2019)
Population Projection Revisions and Their Impact on Economic Growth – The Case of Malta (2019)
The evolution of Malta's Tourism Sector (2019)
2019
2020
2020
2020
Measuring the effects of structural reforms in Malta (2020)
Consultative Papers
Books
Research Bulletin
Speeches
Conferences and Symposia
European Investment Bank and Central Bank of Malta Conference: Investment and Investment Finance – the Case of Malta
Conferences 2018
European Bank for Reconstruction and Development: Constituency meeting
Central Bank of Malta 50th Anniversary Conference
European Commission and Central Bank of Malta Conference
Joint Central Bank of Malta - Queen Mary University of London conference
Seminars 2019
Joint CBM/BdI Seminar on ‘Big data and machine learning technologies in a Central Bank environment’
Market Operations
Malta Government Stocks
Malta Government Stocks - Archive
Weekly Bulletin Report
Treasury Bills
Treasury Bills - Archive
Money Market Reports
Money Market Reports - Archive
Legal opinions on enforceability of master agreements
Market Data
Weekly CBM MGS Turnover
Currency
Euro Banknotes
Counterfeit notes
Denominations
Europa Series
Damaged Notes
Euro Coins
Introduction
Common Sides
National Sides
€2 Commemorative Coins
Numismatic Issues
All Products
Auberge de Provence
Europa Programme 2013 with the theme 'European Writers' - Dun Karm Psaila
The Picciolo
Grand Master Emmanuel Pinto
Europa Programme 2012 with the theme 'European Artists' - Antonio Sciortino (1879-1947)
Europa Programme 2011 with the theme 'Explorers' - Phoenician explorers
Europa Programme 2010 with the theme of 'Cultural Heritage' - Auberge d'Italie
Europa Programme 2009 with the theme of 'Cultural Heritage' - Castellania
Europa Programme 2008 with the theme of 'Cultural Heritage' - Auberge de Castille
Europa Programme 2007 with the theme 'European Realisation' - Grand Master Jean de La Valette
Distinguished Maltese personalities series -Temi Zammit (1864-1935)
Distinguished Maltese personalities series - Giuseppe Calì (1846-1930)
EU accession
Distinguished Maltese personalities series - Sir Adriano Dingli (1817-1900)
Distinguished Maltese personalities series - Nicolò Isouard (1775-1818)
Royal Mint Precious Fine Gold Collection - Xprunara
Distinguished Maltese personalities series - Enrico Mizzi (1885-1950)
Millennium Coin
300th Anniversary of the death of painter Mattia Preti
200th Anniversary of the Revolt against the French
30th Anniversary of the Central Bank of Malta
UNICEF For the Children of the World
50th Anniversary of the United Nations
25th Anniversary of the Central Bank of Malta
50th Anniversary of the award of the George Cross to Malta
Save the Children Fund
20th Anniversary of the EEC-Malta Association Agreement
Visit of HH Pope John Paul II to Malta
25th Anniversary of Malta's Independence
Malta Maritime History set - Dwejra II
Malta Maritime History set - Valetta City
Malta Maritime History set - L'Isle Adam
Malta Maritime History set - Wignacourt
Malta Maritime History set - Tigre
Malta Maritime History set - Strangier
Malta Maritime History set - Providenza
Sir Paul Boffa
Europa Programme 2014 with the theme 'European Composers' – Maestro Charles Camilleri
The Zecchino
1st series - Manwel Dimech
1st series - Fort St Angelo
1st series - Kenur, stone stove
1st series - Merill, Malta's national bird
1st series - Statue of Neptune
2nd series - Temi Zammit
2nd series - Mdina Gate
2nd series - Gardjola
2nd series - Dolphin fountain, Floriana
2nd series - Auberge de Castille
3rd series - Giovanni Francesco Abela
3rd series - Notre Dame Gate
3rd series - Centaurea, Malta's national flower
3rd series - Gozo boat
3rd series - First Maltese coin
4th series - Old Arms - Alfons Maria Galea
4th series - Old Arms - St Agatha's Tower
4th series - Old Arms - Maltese falcon
4th series - Old Arms - Fresh water crab
4th series - Old Arms - Stone balcony
5th series - Ġużè Ellul Mercer
5th series - Fort Manoel Gate
5th series - Butterfly
5th series - Storm Petrel
5th series - Maltese door knocker
6th series - Maltese dog
6th series - Sir Luigi Preziosi
6th series - Xarolla windmill
6th series - First Gozo coin
6th series - Mnara
6th series - Les Gavroches bronze sculpture
End of military facilities
FAO World Food Day
UNICEF Year of the Child
International Year of Disabled Persons
FAO First World Fisheries Conference
UN Decade for Women
Malta Maritime History set - Malta
Malta Maritime History set - Maria Dacoutros
Malta Maritime History set - Tagliaferro
Malta Maritime History set - Knight of Malta
Malta Maritime History set - Saver
20th Anniversary of the Central Bank of Malta
400th Anniversary of the University of Malta
World Cup
Schooner 'Valletta' ship and explorer
50th Anniversary of the United Nations
Olympic Games
430 years in defence of Christian Europe
First World War Centenary
Auberge d'Aragon
1st series - Hand holding flaming torch with map of Malta in the background
1st Anniversary of Republic
Malta Independence 50th Anniversary
40th Anniversary of the Republic of Malta
400th Anniversary of the Wignacourt Aqueduct
One-third farthing
450th Anniversary of the Great Siege of Malta
Auberge de Bavière
Pope John Paul II
Bush-Gorbachev Malta Summit
Modern 20th century 'Dangerous Sport' - Antonio Sciortino
450th anniversary of the foundation of Valletta
100th Anniversary of the birth of Dom Mintoff
Patakka
Malta’s Presidency of the European Council of the European Union
Argotti Botanical Gardens Conservatory
The Santa Marija Convoy and the George Cross Award
70th Anniversary of Women’s Voting Rights
Maritime Aviation Medal
The Baptism of Christ
50th Anniversary of the Central Bank of Malta
Ten years of the euro in Malta
Valletta European Capital of Culture 2018
Melita bullion coins 2018
Gran Carracca Sant’Anna of the Order of St John
The Sette Giugno Riots Centenary
Gold, Silver and Other metals
Gold
Silver
Other Metals
€2 Commemorative Coins
€2 Commemorative - 10th Anniversary EMU
€2 Commemorative - First Elected Representatives 1849
€2 Commemorative - 10 Years of the Euro
€2 Commemorative - Majority Representation 1887
€2 Commemorative - Self-government 1921
€2 Commemorative - Malta Police Force Bicentenary
€2 Commemorative - Independence 1964
€2 Commemorative - Republic 1974
€2 Commemorative - Centenary of the first flight from Malta
€2 Commemorative - 30th Anniversary of the EU Flag
€2 Commemorative - Ġgantija Temples
€2 Commemorative - Solidarity through Love
€2 Commemorative - Ħaġar Qim Temples
€2 Commemorative - Peace
€2 Commemorative - Mnajdra Temples
€2 Commemorative - Cultural Heritage
€2 Commemorative - Nature and Environment
Circulation Coins
Dated Sets
Dated Set 2005
Dated Set 2006
Dated Set 2007
Dated Set 2008
Dated Set 2011
Dated Set 2012
Dated Set 2013
Dated Set 2014
Dated Set 2015
Dated Set 2016
Dated Set 2017
Dated Set 2018
Dated Set 2019
Coin Programmes
Other Products
50th Anniversary Independence of Malta (Silver Coin & Stamp Set)
Jean de la Valette Medal
100th Anniversary End of World War I - Philatelic numismatic cover
E-Shop
Legal Framework
Currency Museum
Timeline Coins
Timeline Banknotes
The second series of euro banknotes - the 'Europa' series
The Europa series €5 banknote
Launch of the Europa Series €5 banknote - May 2013
ECB Press Conference - 10 January 2013
ECB Press Conference - 8 November 2012
The Europa series €10 banknote
The Europa series €20 banknote
The Europa series €50 banknote
The Europa series €100 and €200 banknotes
Media
Media Visit Requests
Social Media
Reports and Articles
Reports and Articles 2013
Reports and Articles 2014
Reports and Articles 2015
Financial Sector Assessment Programme Seminar
Reports and Articles 2016
Reports and Articles 2017
Reports and Articles 2018
Disclaimer & Copyright
Data Protection Privacy Statement
Accessibility
Other Links
The Victor Pasmore Gallery
Coin Programme 2015
European Cultural Days 2015 of the ECB in Frankfurt
Coin Programme 2016
Public Consultation
Exchange of Maltese Lira Fifth Series Banknotes
Restricted Access
Regulatory Compliance
Legal Department
Local and EU Legislation
Code of Ethics and other policies
Anti-Money Laundering
Data Protection
Freedom of Information
Gabriel Caruana
Public Lectures & Staff Workshops
Public Lectures
Public Lectures 2018
Staff Workshops
Reflecting on Malta’s vocation as a hub for healthcare and medical education 100 years after the end of WWI
Quick Questions and Answers
Archive of Quick Questions and Answers
Distributed Ledger Technology and Virtual currencies
Gender inequality in the workforce
Anti-Money Laundering/Combating the Financing of Terrorism
Harry Alden
Remembering Ġanni Bonnici
Remembering Philip Chircop