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The Maltese Lira, known in the Maltese language as the Lira Maltija, is the currency of Malta. It was previously known as the Maltese Pound, which was on a par with the British Pound Sterling (GBP) until the late 1960s, since when the Maltese Lira has traditionally been worth around £1.60 sterling.
Divided into 100 cents, the Lira (plural Liri) is abbreviated as LM, although the traditional £ sign may still be seen locally.
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