Albanian currency

The currency is abbreviated as ALL and is represented in the foreign exchange market by the symbol L.

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.

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. Last update: Home Markets Official exchange rate. 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. Official exchange rate The Bank of Albania operates under a free-floating exchange rate regime. Guideline for calculating the official ''Fixed'' exchange rate Last update: Search by period and currency. Interval: -.

The World Bank.

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. From —, the Albanian lek adhered to the gold standard de jure with lek banknotes being convertible to gold. The lek's conversion to gold was guaranteed and the issue of gold francs was limited to three million units.

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, The eagle is black in color, and the two heads face away from each other and have their tongues out. This design is traced back to Skanderbeg Gjergj Kastrioti , an Albanian Christian, and a 15th century Turkish general. He used the Byzantine two-headed eagle on his seals, hence the Albanian flag. The designs of both the flag and the coat of arms are based on the seal of Skanderbeg, who was the monarch who ruled over Albania in the 15th century.

Albanian currency

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. Click on the reason that best applies to you below to find out more:. With its different currency, banking system, and money customs, figuring out the best way to pay in Albania if you travel there can be tricky. Fortunately, many forms of payments have become ubiquitous around the globe, including:. Of these methods, using a prepaid travel card is almost always the best way to pay in Albania because they generally incur lower fees on lek currency exchange than credit cards or bank debit cards do. Moreover, many prepaid travel cards let you hold multi-currency balances, allowing you to dodge DCCs and other sneaky fees while travelling — all while providing the same level of security and convenience as you're used to from your credit or debit card!

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In , bronze 1 and 2 gold cents were issued, equal in value to the 5 and 10 qintars respectively. Low These are the lowest points the exchange rate has been at in the last 30 and day periods. Create alert. From —, the Albanian lek adhered to the gold standard de jure with lek banknotes being convertible to gold. Archived from the original on 5 December The world's most popular currency tools. Volatility These percentages show how much the exchange rate has fluctuated over the last 30 and day periods. If accepted, Albania will likely switch over to the euro. Last update: Mountains Rivers Lakes Islands. These choices will be signaled to our partners and will not affect browsing data. Currency Information. Football National team Clubs Players Stadiums. This series has also introduced a new denomination, the 10, Lek, its highest denominated banknote issued for general circulation.

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Serbian dinar Occupied Serbia. For instance, many citizens were coerced to sell their homes and take out loans to invest in these scams, which collapsed in Though Lek is divided into qindarka, the qindarka is no longer produced. Compare Accounts. The currency code for Euros is EUR. Use profiles to select personalised advertising. Table of Contents. We use the mid-market rate for our Converter. Krause Publications. Wikimedia Commons. Low These are the lowest points the exchange rate has been at in the last 30 and day periods. European Commission. Login to view send rates. Official exchange rate The Bank of Albania operates under a free-floating exchange rate regime.