Albanian currency

Xe Currency Converter. These are the highest points albanian currency exchange rate has been at in the last 30 and day periods. These are the lowest points the exchange rate has been at in the last 30 and day periods.

Pursuant to this mission, the Bank of Albania ensures on an ongoing basis the quality of banknotes in circulation. Guaranteeing the quality of banknotes is aimed firstly at preserving their integrity, in relation with the public that uses them, and upholding a dignified image of the Bank of Albania and the Albanian State. In this framework, the Bank of Albania launched in the new improved series of the Albanian banknotes, legal tender. This series was introduced gradually to the public over several years, - Timeline for putting in circulation. Why we need new series of banknotes? The improvement of the banknote series to enhance security features and improve design elements is a common practice among central banks, which is generally implemented every years.

Albanian currency

The currency is abbreviated as ALL and is represented in the foreign exchange market by the symbol L. The lek is issued and maintained by the country's central bank. Qindarka-denominated coins are no longer issued because of inflation but are still accepted as legal tender. As noted above, the Albanian lek is the national and legal currency of Albania. One lek is divided into qindarka but these coins are no longer in circulation. Its predecessor, the National Bank of Albania was established in The bank's current operations were laid out in Its status is defined by the country's constitution and outlines its duties. Its mission is to achieve and maintain price stability through monetary policy along with keeping the cost of currency circulation low. The lek is not pegged to any currency and no other currency is pegged to it in the foreign exchange market. Albania holds a strategic position in the Balkan Peninsula due to its cliff-lined coastline on the Adriatic Sea. It had an annual GDP growth rate of 8.

Global Financial Data. Aluminium coins dated were introduced in denominations of 5, 10, 20 and 50 qintars and 1 Lek. Xe Currency Converter.

Xe Currency Converter. These are the highest points the exchange rate has been at in the last 30 and day periods. These are the lowest points the exchange rate has been at in the last 30 and day periods. These are the average exchange rates of these two currencies for the last 30 and 90 days. These percentages show how much the exchange rate has fluctuated over the last 30 and day periods. The currency symbol is L. Send money online fast, secure and easy.

There is a good chance that this post contains affiliate links. If you make a purchase through them, I may receive a small commission at no extra cost to you! As an Amazon Associate, I earn from qualifying purchases. As ever, all opinions are my own. Currency in Albania is pretty straightforward to get your head around. This can come as a surprise to unprepared travellers who expect that since Albania is a European country it would use the Euro. Worry not, though. A single lek is the smallest denomination of Albanian currency. You can pay for most things in Albania with Euros at a push.

Albanian currency

The value of the Albanian currency lek against foreign currencies is freely determined in the foreign exchange market. Exchange rate fluctuations reflect the free movement of goods and capital and the financial transactions of Albania with its trading partners. Without prejudice to the free exchange rate regime, the Bank of Albania may carry out operations in the foreign exchange market in order to adjust the exchange rate to the level determined by key macroeconomic factors, avoid disruptions and increase or decrease the foreign currency reserve. The Bank of Albania calculates the official exchange rate and the average rate of bid price and ask price for the euro and US dollar, based on standardised quotations of participants in the interbank market, in the interval of This is a single forex rate reference, which may be used by those interested for trading, evaluation, comparison and statistical purposes.

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Download the Xe App Check live rates, send money securely, set rate alerts, receive notifications and more. A banknote of 1 currency lek was printed, but not put into circulation. This is for informational purposes only. Volatility These percentages show how much the exchange rate has fluctuated over the last 30 and day periods. ISBN The currency symbol is L. Average These are the average exchange rates of these two currencies for the last 30 and 90 days. After the liberation of Albania from Nazi occupation in , the communist party took control of the country. Tools Tools. Interest rates Official exchange rate Exchage rate archive Operations of the Bank of Albania Interventions in the money market Interventions in the foreign exchange market. The area declared independence in from the Ottoman Empire. Government Printing Office. The world's most popular currency tools. Low These are the lowest points the exchange rate has been at in the last 30 and day periods. Shopping centers Supermarkets.

Using Lek for transactions typically results in better prices than foreign currencies, like euros or dollars, which may be accepted in some places.

ISBN The Bank of Albania calculates the official exchange rate and the average rate of bid price and ask price for the euro and US dollar, based on standardised quotations of participants in the interbank market, in the interval of Pick, Albert Without prejudice to the free exchange rate regime, the Bank of Albania may carry out operations in the foreign exchange market in order to adjust the exchange rate to the level determined by key macroeconomic factors, avoid disruptions and increase or decrease the foreign currency reserve. View charts. Official exchange rate The Bank of Albania operates under a free-floating exchange rate regime. The word is thus comparable to centime , cent , Latin centenarius , etc. Investopedia is part of the Dotdash Meredith publishing family. These are the highest points the exchange rate has been at in the last 30 and day periods. Create a chart for any currency pair in the world to see their currency history. Are Qindarka Still Produced?