Albanian lek

1 EUR = 140.43 ALL 100 ALL = 0.71209 EUR

1 CHF = 114.78 ALL 100 ALL = 0.87125 CHF

The Lek ( pl.: Lekë ) since 1925, the currency of Albania. In the Albanian language Lek also means money in general.

Means of payment

The Lek is not a freely convertible currency. The course is held relatively stable by the Albanian State Bank ( Banka e Shqipërisë ) against the euro. Since the introduction of the euro, he usually fluctuates 120-130 Lek for one euro. As a means of payment banknotes are issued at 200, 500, 1000, 2000 and 5000 Lek. The note to 100 Lek was taken on January 1, 2009 through the traffic. From the 500-franc note, three of the 1000 notes are two valid series in circulation. At coins exist today pieces of 1, 5, 10, 20, 50 and 100 Lek. In addition to the Lek also Euro and U.S. dollars are widely used as currency in Albania.

History

Prior to the independence of Albania in 1912 was in the country officially the Ottoman currency ( akçe, Para and Kurus ). In addition, were also western gold coins, especially Italian lira and French francs in circulation. Due to various occupation governments in the First World War and a lack of state organization, the introduction of its own currency Albanian delayed. We used mainly the money of the Latin Monetary Union; based on this but also own gold francs (Albanian Franga Ari ) were put into circulation.

The introduction of the Lek is closely linked with the emergence of the Central Bank of Albania. It was founded on September 2, 1925, the government Ahmet Zog in Rome, Having regard to the Act No 356 of 12 July 1925. Immediately began in the last months of this year, the influence of the Lek coins and notes. At that time, 1 Lek worth as much as 0.2 gold francs.

1926 was followed by the second series of banknotes, which were described in Albanian as well as in Italian. The second series consisted of two variants, which appeared in February and March 1926.

Between 1925 and 1939, the years of the presidency and monarchy Ahmet Zog, so were four banknotes in circulation, of which there was one in two versions. 1940 printed the central bank a bank note series, the little notes of 2, 5 and 10 Lek included. This monetary system remained until the surrender of Fascist Italy in September 1943, where then disbanded the Bank relations between Italy and Albania. However, in order to counteract the distress of paper money and rising inflation, the central bank of Albania brought on 18 September of the same year checks to the value of 20, 100, 200, 500, 2000 and 5000 Albanian francs in circulation. On July 1, 1944 appeared a second check - series, also by the Central Bank of Albania, the value of 20 and 100 Albanian francs. All these checks wrong in Albania until the year 1946.

Under the rule of Communists of the Lek was the sole currency. The only fictional binding to the metal value was abandoned after 1945 and the increased output paper money sat through final. Between 1947 and 1964, the People's Socialist Republic of Albania was mint only Lekë.

1964 a currency reform was carried out, which was to remove a zero value of money. 1 " new " Lek was 10 "old" Lek worth. Thus, there was a small change again Qindarka (of alb. Qind, hundred '). Special feature: Even today expect Albanians usually still in the "old" Lek and denote, for example, a 10- coin as a 100 or a 5000 bill as 50,000. The same applies to the prices that are posted in the "new" Lek, but pronounced in old Lek.

After the fall of the dictatorship in 1990, the value of Leks quickly fell into disrepair and the subunit Qindarka was abolished. Today, the five - Lek - piece is the smallest coin in circulation. The A - Lek - piece is delivered almost exclusively to collectors.

Bills

1- Lek bill issued in 1976 ( no longer in circulation )

500 Lek bill issued in 1991 ( no longer in circulation )

200 - Lek bill from 1997, front with the image of Naim Frashëri

Single Documents

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