Search results
Results from the WOW.Com Content Network
Alexander the Great on the first Albanian 1 Lek coin.. The lek was introduced as the first Albanian currency in February 1926. [2]Before then, Albania was a country without a currency, adhering to a gold standard for the fixation of commercial values.
The 1 Lek coin has a value of one lek and is composed of copper-covered steel (2008 and 2013 issues) or bronze (1996), depicting a Dalmatian pelican on its obverse. [1] The 1 Lek coin was firstly minted in 1926 and has been redesigned several times.
Pages in category "Currencies of Albania" The following 11 pages are in this category, out of 11 total. This list may not reflect recent changes. ...
The franga is an obsolete unit of currency, equal to 5 lek, used in the Albanian Republic and Albanian Kingdom under Zogu. [1] Coins denominated in Franga were in use from 1926 until 1939. [ 2 ]
The Bank of Albania is committed to achieving and maintaining annual inflation at 3.0%, with a tolerance band of +/- 1 percentage point. The annual inflation for the third quarter of 2014 was 1.7%. [16] The Bank of Albania manages open market operations through the purchase or sale of securities.
Albania (/ æ l ˈ b eɪ n i ə, ɔː l ... Greece, China, Spain, Kosovo and the United States. The lek (ALL) is the country's currency and is pegged at approximately ...
At the beginning of 1925, a series of developments started for the Albanian economy, both positive and negative. Initiatives began to organize joint-stock companies in the field of industry, construction, transport. In the same year, the first Albanian currency, the Albanian Franga, was created. [4]
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]