Community Forex Questions
What is Albanian Lek?
The Albanian Lek (ALL) is the official currency of Albania, a country located in Southeastern Europe. It has been the national currency of Albania since 1926, although its current form, known as the "new lek," was introduced in 1992 to replace the previous hyperinflated currency.
The Albanian Lek is subdivided into 100 qindarka, although qindarka coins are no longer in circulation. The currency is issued and regulated by the Bank of Albania, the country's central bank.
The banknotes of the Albanian Lek feature prominent figures from Albanian history, culture, and heritage. The denominations of the banknotes range from 200 to 10,000 lekë, with each note representing a different historical figure or landmark.
The Albanian Lek is primarily used for domestic transactions within Albania, but it may also be accepted in some neighboring countries or regions with close economic ties to Albania. However, it is not widely accepted internationally, so travelers visiting Albania are advised to exchange their currency for the local lek when in the country.
The Albanian Lek is subdivided into 100 qindarka, although qindarka coins are no longer in circulation. The currency is issued and regulated by the Bank of Albania, the country's central bank.
The banknotes of the Albanian Lek feature prominent figures from Albanian history, culture, and heritage. The denominations of the banknotes range from 200 to 10,000 lekë, with each note representing a different historical figure or landmark.
The Albanian Lek is primarily used for domestic transactions within Albania, but it may also be accepted in some neighboring countries or regions with close economic ties to Albania. However, it is not widely accepted internationally, so travelers visiting Albania are advised to exchange their currency for the local lek when in the country.
May 24, 2023 09:05