703) Central Bank of Malta celebrates its 50th Anniversary (Golden Jubilee) milestone: A new 10 Euro Silver Crown coin and Gold Proof 100 Euro coin in commemoration issued by the Bank on 17.04.2018:

703)  Central Bank of Malta celebrates its 50th Anniversary (Golden Jubilee) milestone: A new 10 Euro Silver Crown coin and Gold Proof 100 Euro coin in commemoration issued by the Bank on 17.04.2018:

For posts on Central Bank of Malta issues, please visit the following links:

1) Baptism of Christ: "Europa Coin Programme": Baroque & Rococo periods: Guiseppe Mazzuli's famed statue depicted on Central Bank of Malta Gold and Silver coins issued on 14.03.2018

2) Central Bank of Malta celebrates its 50th Anniversary (Golden Jubilee) milestone: A new 10 Euro Silver Crown Coin and a Gold Proof 100 Euro coin issued on 17.04.2018

The Central Bank of Malta celebrated the 50th Anniversary of its setting up/establishment by issuing Gold and Silver commemorative coins on 17.04.2018.

The Reverse of the 100 Euro Gold Coin placed against the backdrop of the new Central Bank of Malta building which was opened in 2017 to coincide with the Golden Jubilee celebrations of the Bank

Malta got its Independence from the United Kingdom on 21.09.1964, when a need was felt to establish its Central Bank which would oversee the issue of Maltese Lira, previously issued by the Government of Malta.

The Central Bank of Malta Act was originally published by means of Act XXXI of 1967 and has been amended several times, the most recent being an amendment to the Central Bank Charter by Acts I and IV of 2007, which provided for the Central Bank's membership within the Euro-system in order for Malta to introduce the single currency.

Under the Act, the Central Bank of Malta formally started functioning on 17.04.1967. Initially the Cenral Bank operations were housed in an early 20th Century building which was completed in 1924 and formerly known as the Vernon Institute. This building's lease was arranged to last almost 100 years from the Central Bank's initial opening. The interior was demolished in 1968 and renovated to a very modern standard, which also preserved the neo-classic façade.

In 2011, the Bank embarked on a project related to the development of a new premises within St. James's Counterguard. Work on this project commenced in 2012 and was finalised in 2017 with the building being officially named "Binja Laparelli" in honour of the 16th Century military engineer Francesco Laparelli.

Apart from offering modern meeting and conference facilities, the building also houses the Central Bank's library, archives and offices.

The commemorative coins issued:

                        The Reverse of the 10 Euro Silver Coin

The Reverse of the 10 Euro Silver coin depicts a representation of the façade of the Central Bank of Malta's newly-built premises - Binja Laparelli - located in St. James Counterguard in Valetta.

This face also bears the 50th Anniversary logo and the years "1968-2018". The initials of the designer and engraver of the coin "NOB" (Noel Galea Bason) appear below the façade of the Bank, at right.

The logo of the 50th Anniversary celebrations of the Central Bank of Malta designed by Michael Grech and Daniel Galea

                                  The Obverse of the 10 Euro Silver Coin

 The Obverse of the 10 Euro Silver coin shows the Coat of Arms of Malta, together with the country name "MALTA", the coin's denomination "10 EURO" and the year of issue "2018".

                             The Coat of Arms of Malta

The present  Coat of Arms is described by the Emblem and Public Seal of Malta Act of 1988:

Armiger - Republic of Malta

Crest - A mural crown with a sally port and five vedettes (turrets)

(representing the fortifications of Malta and denoting a City-State)

Escutcheon - Flag of Malta; Per pale argent (silver) and gules (red), a representation of George Cross argent fimbriated gules in Dexter Chief

Supporters - Dexter, an Olive branch, Sinister, a palm branch in vert, all in proper colours, tied at base with a ribbon argent, backed gules and upon which is written in capital letters sable the name of the country in Maltese language.

Motto - Repubblika ta' Malta

(Both Olive Branch and Palm are symbols of peace and traditionally associated with Malta, tied at the base with a white ribbon, backed red, upon which are written the words "Repubblika ta' Malta (Republic of Malta in capital letters in black).

The specifications of this coin are:

Denomination: 10 Euro; Metal Composition: .925 Silver (Ag); Weight: 28.2 grams; Diameter: 38.6 mm; Coin Quality: Proof; Maximum Mintage: 2,500; Mint: Royal Dutch Mint, on behalf of the Central Bank of Malta; Year: 2018; Remarks: Selective gold plating has been used on the silver coins. It is for the first time, such a technique has been used on Maltese numismatic coins.

         The Reverse of the Gold 100 Euro Coin

The Reverse of the Gold 100 Euro Coin shows a representation of the façade of the Central Bank of Malta's newly-built premises, Binja Laparelli, located in St. James Counterguard in Valletta. 

This face also bears the 50th Anniversary logo and the years "1968-2018". The initials of the designer and engraver of the coin "NOB"(Noel Galea Bason) appear below the façade of the Bank, at right.

The specifications of this coin are:

Denomination: 100 Euros; Metal Composition: .999 Gold (Au); Weight: 15.0 grams; Diameter/Size: 26.0 mm; Coin Quality: Proof; Mintage: 50 pieces; Mint: Royal Dutch Mint, on behalf of Central Bank of Malta; Year: 2018.

Remarks: Both the Silver and Gold coins are encapsulated in a custom-branded Central Bank of Malta case and are accompanied with a Certificate of Authenticity (COA). The Gold coin was available only by an allocated lot or lottery number drawn by a public notary announced in February 2018.