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Malta and the Euro

Malta has been a member of the European Union since 1 May 2004, and is a member of the Economic and Monetary Union of the European Union. It has completed the third stage of the EMU and adopted the euro as its official currency on 1 January 2008. On 16 May 2007, the Commissioner for Economic and Financial Affairs of the EU, Joaquin Almunia, recommended that Malta adopt the euro as scheduled, a decision confirmed by the Council of F inance Ministers on 10 July 2007.

The selection of the designs of the coins was decided by public consultation in two rounds. The first round of the consultation process started on January 14, 2006 and ended on January 29, 2006. During this period the Maltese public could participate in the process by choosing from a total of 12 options, divided into 4 design themes - Prehistoric Malta, Renaissance Malta, The Maltese Identity and The Maltese Archipelago and three different options were presented for each theme.

Along with the visual design options, the public was also given several alternative options, which were voted on in the same manner. The first and second most popular suggestions made by the public were the Maltese cross and Dun Karm, respectively on the Maltese euro coin set. The Steering Committee for the adoption of the euro ultimately decided to include the most popular suggestion, the Maltese Cross, with the three chosen by the public.

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