Until 1972, it was subdivided into 20 shillings, each of 12 pence with 4 farthings to the penny; from May 1972 it was divided into 100 cents, and the 1 cent into 10 mils [REF].
After the Central Bank of Malta was established by the Central Bank Act of 1967 and began operating on April 17, 1968,[REF] the issuing body named on the banknotes switched from "Government of Malta" to "Central Bank of Malta."