Albanian currency

Albanian currency 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, albanian currency. Qindarka-denominated coins are no longer issued because of inflation but are still accepted as legal tender.

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?

Albanian currency

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. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. Need to know when a currency hits a specific rate?

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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. Last update:

This does not affect the opinions and recommendations of our editors. The currency in Albania is the lek. As the official legal tender in Albania, the lek is officially recognized by the Albanian government, meaning you can use it to settle all financial obligations in the country, including paying for goods, services, taxes, and debts. Besides the lek, no other currency is officially accepted in Albania, you can often use the euro, especially in the capital Tirana. There are a couple of reasons why you might be interested to find out the currency in Albania.

Albanian currency

The lek was introduced as the first Albanian currency in February Before then, Albania was a country without a currency, adhering to a gold standard for the fixation of commercial values. During the occupation of Albania by Austria-Hungary , paper notes of the Austro-Hungarian krone were imposed on the population. Although transactions using krone notes were limited to exchanges between Albanians and the occupiers, the majority of the population used gold and silver piastre or, gave up on money altogether and bartered instead.

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Landscape Mountains Rivers Lakes Islands. A fixed exchange with the Italian lira was established at The three smallest denominations remained similar in design to the series but depicted "" on the obverse. Albanian Politics and Economics. Protests erupted across the nation, which turned violent and ousted the sitting government. Retrieved 6 April Bank of Greece. Use limited data to select content. Howard M. We use the mid-market rate for our Converter. Over 70 million downloads worldwide. Albania holds a strategic position in the Balkan Peninsula due to its cliff-lined coastline on the Adriatic Sea. We use the mid-market rate for our Converter. Convert Albanian Lek to Euro. Article Sources.

On April 7, , the star was removed. The current flag was designed by Sadik Kaceli a day before Albania was declared a People's Republic on January 11,

Xe Rate Alerts. Interval: -. During the Soviet occupation between and , the lek was pegged to the Soviet ruble at Hidden categories: Webarchive template wayback links Articles with short description Short description matches Wikidata Use dmy dates from June Articles containing Albanian-language text All articles with unsourced statements Articles with unsourced statements from November Commons category link is on Wikidata. Bi-Metallic : Aluminium-bronze centre in Copper-nickel ring. In , a third redesign of aluminium 5, 10, 20, 50 qintars and 1 Lek coins was released. Currencies of Europe. Currency Information. Guinness Publishing. Aluminium-bronze Lek 0. Archived from the original on 25 October Government Printing Office. Check live rates, send money securely, set rate alerts, receive notifications and more. Official exchange rate The Bank of Albania operates under a free-floating exchange rate regime. Qindarka is still accepted as valid currency, though it is no longer manufacturer as an aim to simplify the currency system.