The Supervisory Council is the highest decision-making and supervisory body of the Bank of Albania. It is responsible for fomulating the monetary policy and approving guidelines for its implementation. The Supervisory Council decides on the management policies, and determines the method and procedures for the operational activity of the Bank of Albania, ensuring adequate management and public accountability for its actions, engagement and results.
Pursuant to Article 53, Law "On the Bank of Albania" No. 8269, dated 23.12.1997, the Governor shall serve as the Chief Executive Officer of the Bank of Albania in charge of the day-to-day business of the Bank of Albania and Chairman of the Supervisory Council of the Bank of Albania.
The Governor shall be responsible to the Supervisory Council for the execution of its decisions, including the implementation of monetary, credit, and exchange rate policies, and for the direction, control and supervision on Bank of Albania administration and operations. In particular, the Governor is vested the power to take all actions required or deemed advisable by him for the administration or operations of the Bank of Albania.