The lira (Maltese: lira Maltija, plural: liri, ISO 4217 code : MTL) or pound (until 1986 in English) was the currency of Malta from 1972 until 31 December 2007. After 1986 the lira was abbreviated as Lm, although the original ₤M sign was often used locally. In English the currency was still frequently called the pound even after its official English language name was changed to lira.
The euro replaced the Maltese lira as the official currency of Malta on 1 January 2008 at the irrevocable fixed exchange rate of €1 per Lm0.4293.
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