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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

2022 Official Bank Holiday Schedule

Bank of Albania is closed on Saturdays and Sundays and the following official public holidays:

01 January 2024	New Year's Day
02 January 2024	New Year's Day
14 March 2024	Summer Day
15 March 2024	Public Holiday ***
22 March 2024	Nevruz Day
31 March 2024	Catholic Easter*
10 April 2024	Eid al-Fitr (End of Ramadan)**
01 May 2024	International Worker’s Day
16 June 2024	Eid al-Adha (Feast of Sacrifice)**
05 September 2024	Saint Teresa Sanctification Day
28 November 2024	Flag and Independence Day
29 November 2024	Liberation Day
08 December 2024	National Youth Day*
25 December 2024	Christmas Day

* If the public holiday / holidays falls/fall on the day or days of the weekend (Saturday and/or Sunday), the holiday shall be observed on the following working day or days (Monday and Tuesday).

Bank of Albania is closed on January 3, January 4, April 18, April 25, May 3, July 11 and December 26, 2022.

*** According to the Council of Ministers Decision approved in its meeting on 18.03.2022, “On determining Monday, 21 March 2022, as a holiday”, Monday, 21.03.2022 shall be a day off.

**** Pursuant to the decision approved by the Council of Ministers, dated 18.05.2022, "On the appointment of Wednesday 25.05.2022, as a day off”, the Bank of Albania’s headquarters in Tirana will be closed on Wednesday.

Updated: 23 May 2022