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Did any adjustments need to be made to existing fixed interest rate commitments during the period Malta spent in ERM II?

April 26, 2017adjustments commitments ERM existing fixed ii Interest rate Malta period spent

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Did any adjustments need to be made to existing fixed interest rate commitments during the period Malta spent in ERM II?

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No. All existing fixed interest rate commitments, such as interest rates on bonds and fixed interest loans, remained unchanged during the period Malta spent in ERM II. When Malta adopted the euro, Maltese lira amounts were converted into euro on the basis of the irrevocably fixed conversion rate.