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LOCAL CURRENCY IN ALBANIA

Want to know how much is your money worth in Albania? To find out the current currency exchange rates for Albania is called Lek.

The Albanian Lek is issued and managed by the Bank of Albania. To find out the current currency exchange rates for Lek to other major currencies of the world, click on foreign currency rates.

Albanian Currency Information
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The currency used in Albania is called as the Lek. This currency is denoted with the currency sign Lek and the ISO 4217 Code for the Albanian Lek is ALL. The Lek, is the official currency of the Albania . It is divided into 100 smaller units called qindarkė.

The constitution of Albania provides that the Albania government shall have the power to print the Albanian Lek and qindarkė coins to be used as a legal tender in Albania. The Albanian Lek bank notes and Qindarkė coins are both designated as "legal tender" in payment of debts.

The Albanian Lek bill uses the decimal system, consisting of 100 equal units.

The symbol Lek, usually written before the numerical amount, is used for the Albanian Lek.

Currently printed bank notes denominations are 200, 500, 1000 and 2000 lekė 5000 lekė and the coins are minted in the denominations of 5, 10, 20, 50, 100 lekė 1 lek.

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How Does Balance of Trade and Investment Affect the Value of the Albanian Lek
Financial analysts regularly cite the balance of trade and investment in Albania as the most important influence on the value of the Lek. The difference between what the Albania exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Lek exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Lek exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Albanian Lek.
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