The 5th series of banknotes was issued in 1989 to coincide with the 25th anniversary of Malta’s independence. The banknotes depict the Edward Caruana Dingli allegorical figure of Melita holding a rudder. This represented Malta taking control of her own destiny. The LM2 banknote depicts two buildings that were the seats of the municipal institutions in Mdina and in Gozo. This represented the charter of rights and liberties granted to the Maltese by King Alfonso V of Aragon in 1428.

Details :-

Front:Allegorical depiction of Malta

Back:The Banca Giuratale of Gozo, and that of Mdina

Dimensions:138mm x 66.5mm

Date:1989

n September 1989, the Central Bank of Malta issued the fifth series of currency notes, coinciding with the 25th Anniversary of Malta’s Independence. The denominations of Lm2, Lm5, Lm10 and Lm20 were similar in size to the fourth series. The front of each note showed the allegorical figure of Malta, as well as the emblem of the United Nations and doves, reflecting Malta’s commitment to international peace.

The notes also contained the armorial bearings of the Central Bank of Malta, going away from the concept of Malta’s emblem, which had been changed again in 1988.

In contrast to previous trends, the Lm20 never really took off and its circulation started declining after 1991. In fact the 1986 Lm20 note was demonetized in 1992 and the £m1 in 1993.

In 1994, 1997, 1999 and 2001, various enhanced versions of all denominations of the fifth series were issued.

Maltese banknotes were replaced by euro when Malta became a member of the euro area and adopted the euro as its currency on 1 January 2008. Subsequently, the Maltese currency remained legal tender until 31 January 2008. However, Maltese banknotes can still be exchanged for euro at the Central Bank of Malta for up to ten years after being demonetised, that is, till 31 January 2018.

Please see photos of the banknotes for their condition.

Price : €9 for each note or €16 for both.