Following Independence in September 1964, the Maltese Government sought assistance from the Bank of England and from the International Monetary Fund to establish a central bank. On 17 April 1968, the Central Bank of Malta was formally established, with Dr Hogg appointed as the first Governor of the Bank.

Between 1967 and 2008, the Bank’s operational history can be subdivided into three main periods reflecting the Bank’s evolution from an organisation carrying out central banking functions in the context of Malta’s fixed exchange rate regime to an institution forming an integral part of the Eurosystem, which sets and implements monetary policy in the countries of the euro area.

On 1 January 2008 Malta joined the euro area.