On 1st January 2008 Malta adopted the euro as its currency. On 1st February 2008 the euro became the only legal tender currency in Malta and Gozo.

Banks are normally open until early afternoon from Monday to Friday, and until midday on Saturday. Some banks/branches work longer hours. Summer and winter opening hours may differ.

Exchange bureaux at Malta International Airport are open 24 hours a day. International bankcards are accepted and foreign currency is easily exchanged. Banks, Automated Teller Machines (ATMs) and exchange bureaux can be found all over the Islands. The majority of hotels, larger shops and restaurants also accept payment in the main international currencies. Conversion charges may be applied where outlets opt to accept payment in currencies other than the euro.

In line with EU legislation on controls of cash entering or leaving the Community, any person entering or leaving Malta carrying cash or other monetary value of which is equal to or in excess of €10,000 or equivalent is obliged to fill in the appropriate declaration form available from the Customs.