The Central Bank of Malta announced that the Fifth Series banknotes cannot be used for transactions after 12:30 of 31st January 2018. They would have to be exchanged from the Central Bank before that deadline. These notes were declared invalid after 31st January 2008, when Malta adopted the euro.
Four denominations included in the fifth series are - Lm2, Lm5, Lm10 and Lm20. They were released for circulation on 18th September 1989. The Lm2 note is red in colour, Lm5 notes are blue in colour, Lm10 are green in colour and Lm20 notes are brown in colour. The common obverse design features a female figure denoting Malta holding a rudder.
The public has been asked to call the Central Bank to get their notes exchanged. They would also have to present an ID card at the Central Bank of Malta to exchange banknotes. Those who wish to exchange more than Lm200 will have to present their IBAN number. Money in such cases, will be transferred directly to the bank account. An informative pamphlet containing requirements for the exchange of notes will be distributed to all households.