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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 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]
Due to the shortage of cash in circulation, in 1992, banknotes of 10 and 50 foreign currency leks (Lek Valutë) were issued, while their value was increased 50 times: 10 foreign currency leks = 500 leks, 50 foreign currency leks = 2500 leks . The banknotes were in circulation for only one year and were soon replaced by banknotes of the 1992 model.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
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TIRANA (Reuters) -An Albanian court jailed an elected mayor from the Greek minority for two years for election fraud on Tuesday, a sentence likely to raise tensions with neighbouring Greece that ...
A jailed member of Albania’s ethnic Greek minority — recently elected to the European Parliament with Greece’s governing conservative party — arrived in Athens Monday en route to ...
An undated series of banknotes was issued by the National Bank of Albania in 1926. It comprised 1, 5, 20, and 100 franga notes, the first of which was recalled shortly after being released into circulation. In 1939, during the Italian occupation, the 100 franga notes were overprinted to obscure the image of King Zog I.
Headquartered in Vlorë, the International Commission of Control was established on 15 October 1913 to take care of the administration of Albania until its own political institutions were in order. [78] [79] The International Gendarmerie was established as the Principality of Albania's first law enforcement agency. In November, the first ...