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During ancient times, Malta was influenced by Phoenician, Roman, and Carthaginian coinage. The Knights of St. John, who ruled Malta from 1530 to 1798, issued their own coins. These coins often bore the insignia of the Knights. Following the Napoleonic Wars, Malta became a British colony in 1814, which had a lasting impact on the country's currency. 

British coinage and pounds became prevalent. Malta joined the European Union in 2004 and adopted the Euro (€) as its official currency on January 1, 2008. This adoption was part of the broader eurozone agreement, allowing Malta to be integrated into the European Monetary Union. Malta now uses the standard euro coins, which are accepted across the eurozone. 

Euro coins come in different denominations, with each member state having unique designs on the reverse side that represent national symbols or historical events. 

The following are the standard euro coin denominations in use in Malta: 1 cent, 2 cents, and 5 cents, 10 cents, 20 cents, and 50 cents, 1 euro and 2 euros. The 1, 2, and 5 cent coins are made of copper-plated steel, while the 10, 20, and 50 cent coins use Nordic gold. The 1 and 2 euro coins are bi-metallic. These designs were chosen to reflect Malta's unique culture and history, giving the euro coins a distinct Maltese identity.

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