1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.0595 MTL (Maltese Lira). It was the official currency of Malta, officially the Republic of Malta, which is a Southern European island country comprising a cluster of islands in the Mediterranean Sea, until December 31, 2007. And from January 1, 2008 MTL was replaced by Euro at 1 Euro = 0.4293 MTL. The MTL (Maltese Lira) was sub-divided into 100 Cents or 1000 Mils. The issue of the currency was controlled and monitored by the Central Bank, the Central Bank of Malta. The currency MTL was represented by the symbols ₤ and Lm.