PRESS RELEASE
The Governor of the Bank of Albania, Dr. Shkëlqim Cani, meets the President of Western Union International

The Governor of the Bank of Albania, Mr. Shkëlqim Cani met today a delegation of Western Union International headed from its President, Mrs. Christina Gold, and followed from the Executive Director of the Financial Union for Albania, Mr. Edmond Leka.

The Governor, in his speech after presenting a panorama of the main Albanian economic developments, broadly explained the Program of the Bank of Albania on the reduction of cash in the economy. In this process, continued Mr. Cani, we have met across the support of Western Union as well, which thanks to a full geographical allocation have succeeded to cover the transfers mainly of emigrants almost all over the Albania.

The representatives of Western Union estimated the support and contribution of the Governor Cani on the development of the financial sector and services as well as for the presentation of the new projects of the Financial Union services in Albania. The establishment of ATM (the machines for withdrawing money) and the paying off public services are among the possible future projects that the Western Union will implement in Albania.

An interesting part of the discussion was referred also to the remittances performance and growing competitiveness of money transfers between the banks and the Western Union, as well as regarding the commissions for the clients and the geographical allocation.

Mrs. Gold stated that is in favour of developing the competitiveness, which at last brings about more profits for the clients.

The Financial Union in Albania functions since 1995 generally performing the service of transfers (remittances) of the Albanian emigrants that work in different countries of the world.