Central Bank of Malta

Central Bank of Malta
Bank Ċentrali ta’ Malta

Headquarters	Binja Laparelli, St James’s Counterguard, Valletta
Coordinates	35.8955568°N 14.509722°E / 35.8955568; 14.509722
Established	17 April 1968; 56 years ago (1968-04-17)
Ownership	100% state ownership[1]
Governor	Edward Scicluna
Central bank of	Malta
Reserves	400 million USD[1]
Website	www.centralbankmalta.org
The Central Bank of Malta still exists, but many functions have been taken over by the ECB.

The Central Bank of Malta (Maltese: Bank Ċentrali ta’ Malta) is the Maltese member of the Eurosystem and has been the monetary authority for Malta from 1968 to 2007, issuing the Maltese lira. Since 2014, it has also been Malta's national competent authority within European Banking Supervision.^[2]

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.^[3]

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 by the bank.^[4]

Governors

Governors of the Central Bank of Malta since 1968.^[5]

• 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: 1 October 1997 – 30 September 1999
• Michael C. Bonello: 1 October 1999 – 30 June 2011
• Josef Bonnici: 1 July 2011 – 30 June 2016
• Mario Vella: 1 July 2016 – 31 December 2020
• Edward Scicluna: 1 January 2021 – Incumbent

Further reading

• Cassar, Kevin (2008). The Central Bank of Malta – The Building and its History. Malta: Gutenburg Press. ISBN 978-99909-975-5-1. Archived from the original on 28 December 2015.
• Z., T. (1928). "Il-Belt (Valletta)" (PDF). Il-Malti (in Maltese). 2 (1) (2 ed.). Il-Ghaqda tal-Kittieba tal-Malti: 35. Archived from the original (PDF) on 17 April 2016.
• Mirabelli, Terence (2015). "The ANZAC experience in Malta - Arrival" (PDF). Ta' Xbiex: The Island Publications Ltd. p. 2. Retrieved 21 September 2019.

See also

• Economy of Malta
• Maltese lira
• List of central banks

References

1. Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
2. "National supervisors". ECB Banking Supervision. 29 December 2022.
3. "CENTRAL BANK OF MALTA ACT". www.justiceservices.gov.mt. Retrieved 21 September 2019.
4. "History of premises - Central Bank of Malta". www.centralbankmalta.org. Retrieved 21 September 2019.
5. "Governors past and present - Central Bank of Malta". www.centralbankmalta.org.

External links

• Official website
• Central Bank of Malta Act or Cap. 204 of the Laws of Malta