A photo of the Central Bank - Valletta, Malta

The powerful Anglo-Egyptian Bank in Malta

In the 19th century an offshore British bank in Malta issued its own banknotes. It’s unusual to think of a private company issuing banknotes, more so in a small country like Malta. This article explains why this bank did so and why it was in Malta.

A photo of world leaders at the signing of the Munich agreement

Preserving Malta’s money supply

European geopolitics in the 1930s caused plenty of uncertainty. The British worried about riots in the Middle East, and the possibility of another major war with Germany. They hatched a secret plan to reinforce Malta’s money supply in case of war.