The currency of Malta is the Euro (€). Malta adopted the Euro on January 1, 2008, replacing its previous currency, the Maltese Lira. As a member of the European Union since 2004, Malta's transition to the Euro was part of its commitment to European financial integration. The Euro helps facilitate trade and travel within the Eurozone, benefiting tourists and businesses alike. Coins and banknotes are used throughout the country, maintaining the standard Euro design, although Malta also issues its own Euro coins featuring unique national symbols, which reflect its cultural heritage.