Malta - Valletta - Triq il-Papa Piju V - Central Bank of Malta 03 ies

The Central Bank of Malta ( mt, Bank Ċentrali ta’ Malta) is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

of the Republic of

Malta Malta ( , , ), officially the Republic of Malta ( mt, Repubblika ta' Malta ), is an island country in the Mediterranean Sea. It consists of an archipelago, between Italy and Libya, and is often considered a part of Southern Europe. It lies ...

. It was established on 17 April 1968. In May 2004, when Malta joined the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been de ...

, it became an integral part of the

European System of Central Banks The European System of Central Banks (ESCB) is an institution that comprises the European Central Bank (ECB) and the national central banks (NCBs) of all 27 member states of the European Union (EU). Its objective is to ensure price stability t ...

. It was responsible for, amongst other things, issuing

Maltese lira The lira ( mt, lira Maltija, plural: ''liri'', ISO 4217 code: ''MTL'') or pound (until ca. 1986 in English, code ) was the currency of Malta from 1972 until 31 December 2007. One lira was divided into 100 cents, each of 10 mils. After 1986 th ...

banknotes and coins, before Malta adopted the

euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

in 2008 and the bank became part of the

Eurosystem The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute,

. The Central Bank of Malta Act was originally published by means of Act XXXI of 1967. It has been amended a number of times, most recently by Acts I and IV of 2007 in order to provide for the bank's membership within the Eurosystem. The Central Bank of Malta is located in an early 20th-century building. Completed in 1924 as the Vernon Institute, or Vernon Club. The bank occupied the building since 1967, but made arrangement for the lease of the premises in 1968, with a contract lasting almost hundred years. The interior was eventually demolished in 1968, keeping the façade, to be redeveloped and housing the present Central Bank of Malta. In 2004, the building was bought from the

Government of Malta A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

by the bank.

Governors

Governors of the Central Bank of Malta since 1968. * Philip L. Hogg: 17 April 1968 – 31 March 1972 * Borge Andersen: 1 April 1972 – 16 March 1973 * R.J.A. Earland: 17 March 1973 – 25 January 1974 * Henry C. de Gabriele: 1 September 1985 – 6 November 1986 (acting) * Anthony P. Galdes: 3 June 1987 – 2 June 1993 * Francis J. Vassallo: 15 September 1993 – 30 September 1997 *

Emanuel Ellul Emanuel Ellul is a Maltese economist. He was Governor of the Central Bank of Malta from 1997 to 1999. Ellul started as an apprentice in the Malta Dockyard in 1951, where he also worked as tradesman. Awarded a scholarship, in October 1961 he s ...

: 1 October 1997 – 30 September 1999 *

Michael C. Bonello Michael C. Bonello is a Maltese economist, former governor of the Central Bank of Malta from 1999 to 2011. Biography After obtaining a bachelor's degree in languages and economics from the University of Malta in 1965, Bonello pursued his stu ...

: 1 October 1999 – 30 June 2011 *

Josef Bonnici Josef may refer to *Josef (given name) *Josef (surname) Josef is the surname of the following people: * Jens Josef (born 1967), German composer of classical music, a flutist and academic teacher * Michelle Josef (born 1954), Canadian musician and tr ...

: 1 July 2011 – 30 June 2016 *

Mario Vella Mario Vella (born 1953 in Tripoli) is a Maltese philosopher, economist and politician. He was Governor of the Central Bank of Malta from 2016 to 2020. Biography Studies and academic career Vella was born to a Maltese family in Tripoli, Libya ...

: 1 July 2016 - 31 December 2020 *

Edward Scicluna Edward Scicluna (born October 12, 1946 in Rabat, Malta) is a Maltese economist and politician. Scicluna assumed the position of Governor of the Central Bank of Malta as from 1st January 2021 for a five-year term. Biography Education and priv ...

: 1 January 2021 - ''Incumbent''

References

External links

*
Central Bank of Malta Act
o
Cap. 204 of the Laws of Malta

Banks of Malta

1968 establishments in Malta Banks established in 1968 {{Malta-stub

Governors

Further reading

See also

References

External links