how much cash?

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how much cash?

Postby Kristian » Fri 06 Oct 2006 18:03

Is there a limit to the physical amount I cash I can bring into the country? Also what is the best cash to have for estate agents, hotels, local shops, etc. Best to have lm or euros? Im coming from UK to Malta if that helps. Hope someone has an answer. :)
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Postby Pam & Paul » Mon 09 Oct 2006 16:48

From our understanding - and we are purchasing a property in Malta - as a UK resident you can bring in £1,000 legally - but of course to purchase anything this would have to be changed to Maltese Lira and you only receive the touristy rate of exchange at the bank. We unfortunately had to arrange the deposit etc on the property and used our regular bank which gave a rotten rate of exchange (even worse than the tourist) - so for the major part of it we are shopping around the currency brokers - but first check that they have a customer bank account and insurance as you are not covered by the usual bank regs.
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Postby peterj » Wed 11 Oct 2006 18:28

Some of the tourist traps take euro's, but by and large most places want Liri (they call it pounds though)
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