A Microcosm of the Mediterranean
All major credit cards are widely accepted in Malta, and the euro replaced the lira as the new national currency on 1 January 2008. The best places to change money in Malta are banks as they almost always offer a significantly better rate than hotels or restaurants. If you take a taxi in Malta or visit a restaurant, it is best to round up the price to include a small tip. Shops have fixed prices and there is an 18% value-added tax on most consumer items. Hotels and car-hire agencies offer reduced rates in the low and shoulder seasons (October to May).