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Monetary Policy
The Bank of Albania is responsible for formulating, approving and implementing the monetary policy in the Republic of Albania.

What is Monetary Policy?
- Analyses
Markets
In order to implement the monetary policy, the Bank of Albania carries out operations in the interbank market, the foreign exchange market and the government securities market.

Markets
Financial Stability
The Bank of Albania, in cooperation with other authorities, contributes to safeguarding financial stability in Albania.

Financial Stability
- De-euroziaton package
Supervision
The Bank of Albania is responsible for the licencing and supervision of banks and other institutions that conduct banking and financial activities in the Republic of Albania.

Supervision
- Handling complaints
Resolution
Resolution is the use of appropriate tools in the case of troubled banks facing financial distress.

Resolution
Statistics
The Bank of Albania compiles statistics to support the decision-making processes and bodies and performs statistical functions for the public at large.

Statistics
Currency
The Bank of Albania is the sole authority for issuing banknotes and coins of legal tender in the Republic of Albania. The monetary unit of the Republic of Albania is the "Lek”.

Role of the Bank of Albania in issuing the national currency
- Currency in circulation
Payments
To promote the normal operation and functioning of the payment system, as one of its main duties, the Bank of Albania plays an active role as the operator, overseer and catalyst and reformer of the payment systems.

Payment System
Museum and education
The Bank of Albania has been committed for years to expanding and deepening financial literacy in Albania, through educational activities and publications, as well as through its Museum.

Museum and Education
- Museum of the Bank of Albania
- Education

The Financial Stability Advisory Group

The Financial Stability Advisory Group (FSAG) is established pursuant to Article 30 of Law No 9572, dated 03.07.2006 “On the Financial Supervisory Authority”. The members of the FSAG are the Minister of Finance (who chairs the FSAG meeting), the Governor of the Bank of Albania and the Chairperson of the Financial Supervisory Authority Board. Upon the invitation of the FSAG, other persons may attend its meetings.

The FSAG is an advisory body, which, according to Article 30 (3) of Law No 9572/2006, “assists in safeguarding, the stability and the development of financial markets in the Republic of Albania”.

In March 2014, members of the FSAG and the Director General of the Deposit Insurance Agency, approved amendments to the Memorandum of Understanding (of February 2012), in order to better focus and support the work of the FSAG on financial stability matters. In this regard, the work of the FSAG will be focusing on the prevention and the management of systemic risks to the financial system.

FSAG PRESS RELEASES (PDF FORMAT)