Albanian Lek (ALL)

TradingKey19 hours ago

The Albanian Lek (ALL) serves as the official currency of Albania. It is issued and overseen by the Bank of Albania, which is the central bank of the country.

The lek is divided into 100 smaller units known as qindarka; however, qindarka coins are no longer in circulation due to their minimal value. The lek was first introduced in 1926, replacing the Albanian gold franc at an equal value. Since its introduction, the currency has experienced several modifications and revaluations.

The current series of banknotes in circulation includes denominations of 200, 500, 1,000, 2,000, and 5,000 lekë. Coins are available in denominations of 1, 5, 10, 20, 50, and 100 lekë.

The value of the Albanian Lek has seen fluctuations over time, influenced by various factors such as political changes, economic conditions, and inflation.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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