Bank of Albania

Albanian Lek

Www.bankofalbania.org

Banka e Shtetit Shqiptar

Banka e Shqipërisë (Albanian for Bank of Albania ) is the central bank of Albania. She is responsible for the monetary policy of the Balkan state and emits the country's currency, the lek.

The headquarters is located at Skanderbeg Square in the Albanian capital Tirana. The regional offices are located in Shkodra, Elbasan, Gjirokastra, Korca and Lushnja.

History

1913 was the endeavor Ismail Qemali to establish a Central Bank of Albania. This project failed due to lack of capital and the political situation shortly before the outbreak of the First World War. In 1925 it came under the rule of Ahmet Zog establishing the Central Bank. The capital came from an Italian consortium that completely dominated the new bank; so was about the headquarters of the bank in Rome and not in the Albanian capital. 1944, the bank was nationalized by the communists. From 1925 to 1944 she was called Banka Kombëtare e Shqipërisë ( National Bank of Albania ), 1944-1992 Banka e Shtetit Shqiptar ( Bank of Albania State).

Organization

Governor

The governor (Albanian Guvernatori ) of the Central Bank of Albania is elected according to Article 161 of the Constitution with the proposal of the president by parliament for a period of seven years. Governor may be any member of the nine-member Supervisory Board of the Bank under Article 44. The head of the central bank has the right to be re-elected once.

On 28 October 2004 Ardian Fullani was proposed by former President Alfred Moisiu and approved by Parliament. On 17 November 2011 he was re-elected for a second term.

Former President of the Central Bank of Albania since the fall of communism in the early 1990s were:

  • May 1992 - September 1993: Ilir Hoti
  • September 1993 - December 1994: Dylber Vrioni
  • December 1994 - April 1997: Kristaq Luniku
  • April 1997 - August 1997: Qamil Tusha
  • August 1997 - October 2004: Shkëlqim Cani
  • October 2004 - present: Ardian Fullani

Board

The Supervisory Board is composed of nine members who are previously proposed by the government and are then approved by Parliament in office.

The members of the Supervisory Board since 2011:

  • Ardian Fullani, President
  • Elisabeta Gjoni, Substitute
  • Petraq Milo
  • Halit Xhafa
  • Arjan Kadareja
  • Adrian Civic

Architecture of the main building

The building of the Bank of Albania to the north of Skanderbeg Square in the heart of Tirana in 1936 completed. His architectural style fits into the direction of rationalism, a direction that flourished in the first half of the 20th century in Europe. The project for building was designed by the Italian architect Vittorio Ballio Morpurgo ( 1890-1966 ).

This style is known for its large volume and distinctive lines on the facade. Mainly he was with an official character assumed by the public buildings with the aim that they were expressing the power of the governments of this time, and has been applied in many Western European countries. From this point of view, the construction of the Central Bank of Albania part of the most prominent buildings of this time with your own style, rationalism.

In his project idea, the building was designed with a polygonal ground plan and divided into two functional areas: the main section, which would assume the representative function of the Bank, and in his work area. The latter would be connected to the main part in the 1940s on both sides, but this was not realized due to the outbreak of the Second World War.

The main section is arcuate built, caused by its location on the main square of the city. The main entrance of the building was realized with a huge portal that occupies the full height of the façade and stands on wide columns. The outer walls are decorated with wall reliefs made ​​of brick in the characteristic color.

Originally also was a residential building for the bank employees part of the project idea. Also this apartment block had been built in the rationalist style and near the bank adjacent to the old Parliament building (now Puppet Theatre ) stood.

In 2008, the Central Bank published the first plans for the restoration of its headquarters in Tirana. An Italian architectural firm should therefore modernize for about 13 million euros, the building, renovate, expand and bring to the latest state of the art. Estimated end of construction is 2013. Meanwhile, the Bank has offices based in the former Hotel DAJTI.

April 22 List of central banks Issuer Lushnjë Parliament of Albania Italy Klan Television
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