Note to self: Maltese euro exchange rate

[pne]

If I read this page correctly, the exchange rate will be €1 = Lm0.429300.

(A “natural” size for starter kits—if there are going to be any—would, therefore, be €11.65 = Lm5.00, given that starter kits were apparently typically between €10 and €20 in value. [They were €10.23 = DM 20.008… in Germany, sold for DM 20.00.])

Comments

[wingflutter.livejournal.com]

the starter kit... would it be to use or aimed mainly at collectors?

euro starter kits

[pne.livejournal.com]

I believe the intent was firstly, to familiarise people with the new currency and what it looked like (they were given out a few weeks before the euro became legal tender), and secondarily, to provide people with some euro cash right at the beginning of the year (though that's less important since you could pay in, say, German marks and get euros in change, until eventually you had spent all your marks and all the money you had on you would be in euros).

Some people also collect them, especially unopened bags or sets from each of various mints (there are IIRC five mints that produce coins in Germany and coins bear the mark of a given one -- some people thus collect all five of each start kit, or all five of a given coin). But I believe that was not their main purpose.

Re: euro starter kits

[wingflutter.livejournal.com]

http://en.wikipedia.org/wiki/Maltese_euro_coins

might interest you