Basic Country Data:

• Country ISO Code: AL

• Official Language: Albanian

• Language ISO Code: sq

• Current Official Currency: Albanian Lek

• Current Currency ISO Code: ALL

Complete Financial History of the Republic of Albania:

1. Current Official Currency: Albanian Lek (ALL)

• ISO Code: ALL

• Singular Name: lek

• Plural Name: lekë

• Monetary Subdivision: 1 lek = 100 qindarka

• Subdivision Name Singular: qindarkë

• Subdivision Name Plural: qindarka

• Initial Production Date: 1926

• Initial Circulation Date: 1926

• Final Production Date: ongoing

• Final Circulation Date: currently in circulation

• Mint: Produced in Albania and, for some series, in countries such as Italy and Greece

• Issuing Bank: Bank of Albania

• Coin Denominations: 1, 5, 10, 20, 50 qindarka; 1, 2, 5, 10 lekë

• Banknote Denominations: 200, 500, 1000, 2000, 5000 lekë

• Designs / Symbols:

  • Coins feature national symbols and historical Albanian figures.

  • Banknotes depict historical personalities, cultural monuments, and national motifs.

• Current Circulation Status: Active and widely used

• Issuing Authority: Bank of Albania

• Monetary Legislation: Law on the Bank of Albania and regulations on currency issuance

• Signatories on Banknotes: Usually the Governor of the Bank of Albania

• Persons Honored on Currency: Skanderbeg, Mother Teresa, and other historical and cultural Albanian figures

• Economic Historical Context:

  • The lek was introduced in 1926, replacing the French franc.

  • It has undergone monetary reforms and design changes over time.

  • Since the 1990s, monetary stability has improved and the market opened up.

• Mint / Production Locations: Albania, Italy, Greece (for some series)

• Print Runs / Quantities Produced: Complete data not publicly available

• Commemorative Coins and Banknotes: Issued for important events and personalities

• Circulation Status: Active

2. Previous Coins and Banknotes

• Before the lek, currencies such as the franc, Ottoman mark, and others were used.

• The lek has undergone several reforms and design changes since the early 20th century.

This report summarizes the financial and monetary history of Albania, including the current official currency, the lek, its subdivisions, and characteristics of currency issues from the beginning of production to the present day.