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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

Bank Holidays for 2023

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

01.01.2023	New Year's Day*
02.01.2023	New Year's Day
14.03.2023	Summer Day
22.03.2023	Nevruz Day
09.04.2023	Catholic Easter*
16.04.2023	Orthodox Easter *
21.04.2023	Eid al-Fitr (End of Ramadan)**
01.05.2023	International Worker’s Day
28.06.2023	Eid al-Adha (Feast of Sacrifice)**
05.09.2023	Saint Teresa Sanctification Day
28.11.2023	Flag and Independence Day
29.11.2023	Liberation Day
08.12.2023	National Youth Day
25.12.2023	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, April 10, and April 17, 2023.

**Note: The Eid al-Fitr and Eid al-Adha holidays may be subject to change according to the lunar calendar. In case of eventual changes, you will be notified accordingly.