The scudo (plural scudi) is the official currency[1] of the Sovereign Military Order of Malta and was the currency of Malta during the rule of the Order over Malta, which ended in 1798. It is subdivided into 12 tarì (singular tarì), each of 20 grani (singular grano) with 6 piccoli (singular piccolo) to the grano. It is pegged to the euro (at a rate of 1 scudo to €0.24, which translates to €1 = 4 scudi 2 tarì).[2]
The scudo was first minted in Rhodes in 1318. By 1500 the coins had the distinctive characteristics of a cross and the Order's and Grandmaster's coat of arms on one side, and the head of St. John the Baptist on the other. The scudo was first minted in Malta during the reign of Piero de Ponte. The quality of the coins improved especially during the reign of António Manoel de Vilhena in the early 18th century. At some points in time, foreign coinage was allowed to circulate in Malta alongside the scudo. These included Spanish dollars, Venetian lira, Louis d'or and other currencies.[3]
During the French occupation of Malta in 1798, the French authorities melted down some of the silver from the island's churches and struck them into 15 and 30 tarì coins from the 1798 dies of Grandmaster Hompesch. After the Maltese rebellion, gold and silver ingots were stamped with a face value in grani, tarì and scudi and they briefly circulated as coinage in Valletta and the surrounding area.[4]
The scudo continued to circulate on the island of Malta, which had become a British colony, along with some other currencies until they were all replaced by the pound[5] in 1825, at a rate of 1 pound to 12 scudi using British coinage. Despite this, some scudi remained in use and the last coins were withdrawn from circulation and demonetized in November 1886.[6] 1 scudo in 1886 had the spending power equivalent to £3.82 or €4.35 in 2011.[7] The present-day Republic of Malta adopted the decimalMaltese pound in 1972, and the euro in 2008.
The SMOM, which is now based in Rome, has issued souvenir coins denominated in grani, tarì and scudi since 1961. The 1961 issues were minted in Rome, while mints in Paris and Arezzo were used in 1962 and 1963. From 1964 onwards coins were minted in the Order's own mint.[citation needed]
The scudo was also the currency used on the Order's stamps from 1961 to 2005, when the euro began to be used.[citation needed]
Coins were issued in denominations of 1, 2+1⁄2, 5 and 10 grani, 1, 2, 4 and 6 tarì, 1, 1+1⁄4, 1+1⁄3, 2, 2+1⁄2, 5, 10 and 20 scudi. The 1, 2+1⁄2, 5 and 10 grani and 1 tarì were minted in copper, with the 2+1⁄2 grani denominated as 15 piccoli. The 2, 4 and 6 tarì, 1, 1+1⁄4, 1+1⁄3, 2 and 2+1⁄2 scudi were silver coins, with the 1+1⁄4, 1+1⁄3 and 2+1⁄2 scudi denominated as 15, 16 and 30 tarì. The 5, 10, 20 scudi coins were gold.
Coins minted today include bronze 10 grani, silver 9 tarì, 1 and 2 scudi and gold 5 and 10 scudi.[8]
maltese, scudo, scudo, plural, scudi, official, currency, sovereign, military, order, malta, currency, malta, during, rule, order, over, malta, which, ended, 1798, subdivided, into, tarì, singular, tarì, each, grani, singular, grano, with, piccoli, singular, p. The scudo plural scudi is the official currency 1 of the Sovereign Military Order of Malta and was the currency of Malta during the rule of the Order over Malta which ended in 1798 It is subdivided into 12 tari singular tari each of 20 grani singular grano with 6 piccoli singular piccolo to the grano It is pegged to the euro at a rate of 1 scudo to 0 24 which translates to 1 4 scudi 2 tari 2 Maltese scudoScudo maltese Italian Skud Malti Maltese Two Scudi silver coin of Ramon Despuig 1738ISO 4217CodenoneUnitPluralscudiDenominationsSubunit 1 12tari 1 240grano 1 1440piccoloPlural taritari granograni piccolopiccoliCoins15 piccoli1 5 10 grani1 2 4 6 8 9 12 15 16 30 tari1 2 5 10 20 scudiDemographicsUser s Sovereign Military Order of MaltaPreviously Hospitaller Rhodes 1318 1522 Hospitaller Malta 1530 1798 French Malta 1798 1800 Independent Gozo 1798 1801 Malta Protectorate 1800 1813 Crown Colony of Malta 1813 1825 1886 ValuationPegged witheuro 0 24 1 scudoHistory EditThe scudo was first minted in Rhodes in 1318 By 1500 the coins had the distinctive characteristics of a cross and the Order s and Grandmaster s coat of arms on one side and the head of St John the Baptist on the other The scudo was first minted in Malta during the reign of Piero de Ponte The quality of the coins improved especially during the reign of Antonio Manoel de Vilhena in the early 18th century At some points in time foreign coinage was allowed to circulate in Malta alongside the scudo These included Spanish dollars Venetian lira Louis d or and other currencies 3 During the French occupation of Malta in 1798 the French authorities melted down some of the silver from the island s churches and struck them into 15 and 30 tari coins from the 1798 dies of Grandmaster Hompesch After the Maltese rebellion gold and silver ingots were stamped with a face value in grani tari and scudi and they briefly circulated as coinage in Valletta and the surrounding area 4 The scudo continued to circulate on the island of Malta which had become a British colony along with some other currencies until they were all replaced by the pound 5 in 1825 at a rate of 1 pound to 12 scudi using British coinage Despite this some scudi remained in use and the last coins were withdrawn from circulation and demonetized in November 1886 6 1 scudo in 1886 had the spending power equivalent to 3 82 or 4 35 in 2011 7 The present day Republic of Malta adopted the decimal Maltese pound in 1972 and the euro in 2008 The SMOM which is now based in Rome has issued souvenir coins denominated in grani tari and scudi since 1961 The 1961 issues were minted in Rome while mints in Paris and Arezzo were used in 1962 and 1963 From 1964 onwards coins were minted in the Order s own mint citation needed The scudo was also the currency used on the Order s stamps from 1961 to 2005 when the euro began to be used citation needed Coins Edit 30 tari coin of Grandmaster Hompesch minted during the French occupation of Malta in 1798 Coins were issued in denominations of 1 2 1 2 5 and 10 grani 1 2 4 and 6 tari 1 1 1 4 1 1 3 2 2 1 2 5 10 and 20 scudi The 1 2 1 2 5 and 10 grani and 1 tari were minted in copper with the 2 1 2 grani denominated as 15 piccoli The 2 4 and 6 tari 1 1 1 4 1 1 3 2 and 2 1 2 scudi were silver coins with the 1 1 4 1 1 3 and 2 1 2 scudi denominated as 15 16 and 30 tari The 5 10 20 scudi coins were gold Coins minted today include bronze 10 grani silver 9 tari 1 and 2 scudi and gold 5 and 10 scudi 8 In 2011 a gold coin of Antonio Manoel de Vilhena minted in 1725 sold for US 340 000 9 References Edit Money portal Numismatics portal Numismatica Ordine di Malta Italia www ordinedimaltaitalia org Retrieved 2022 04 30 A Little History Catalogue Order of Malta Retrieved 14 March 2012 Coinage of the Knights in Malta Central Bank of Malta Archived from the original on 6 October 2014 French Rule 1798 1800 Central Bank of Malta Archived from the original on 10 August 2014 Archived copy Archived from the original on 2016 03 04 Retrieved 2016 07 17 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link British Era 1800 1964 Central Bank of Malta Archived from the original on 10 August 2014 Buttigieg Emanuel 2011 Nobility Faith and Masculinity The Hospitaller Knights of Malta c 1580 c 1700 A amp C Black p xi ISBN 9781441102430 Coins Order of Malta Archived from the original on 10 August 2014 Retrieved 7 August 2014 Gold Maltese piece from a golden era of coin design sells for 340 000 paulfrasercollectibles com 7 April 2011 Retrieved 19 January 2015 This money or currency related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Maltese scudo amp oldid 1120610877, wikipedia, wiki, book, books, library,
