Tag: <span>Albanian Lek</span>

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BoA to End Confusion Over New and Old Lek
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BoA to End Confusion Over New and Old Lek

TIRANA, November 17 ‘Just Lek. Neither old Nor New’ is a financial education campaign that hopes to permanently end the confusion surrounding the Albanian Lek. Many Albanians still speak in old Lek, which is confusing not only to foreigners but to fellow citizens too. Thus, the Bank of Albania (BoA) is taking action through a...

New Lek 10,000 and Lek 1,000 Notes to Enter Circulation in 2020
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New Lek 10,000 and Lek 1,000 Notes to Enter Circulation in 2020

TIRANA, June 9 The new Lek 10,000 banknote will enter circulation for the first in the last quarter of 2020, Monitor magazine reports. The Bank of Albania (BoA) started the introduction of the new series of banknotes in 2019. The first banknotes issued in the new series were the denominations of Lek 200 and Lek...

Housing Loan Trend to Watch For in 2019
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Housing Loan Trend to Watch For in 2019

TIRANA, August 14 The individuals have received around €100 million credits for their houses in the first half of 2019. According to data by the Bank of Albania, housing loan is in increase even this year. Between January-June 2019, the banking system has given Lek12.3 billion new credits for this purpose. Compared to the first...

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Albanians Prefer this Currency for their Savings, over Lek

TIRANA, July 31 The Albanian economy seems it is growing the ability to create savings. According to data, based on the latest report published by the Bank of Albania, from January-June 2019, the total savings of businesses and Albanian families, reached the value of Lek994 billion. An increase of 2% compared to the same period...