PRESS RELEASE
Decisions taken by the Supervisory Council of the Bank of Albania (in addition to the decision setting the key interest rate), 2 September 2015

In the meeting held on 2 September 2015, the Supervisory Council of the Bank of Albania, in addition to the decision to keep the key interest rate unchanged at 2.0%, analysed and decided as follows:

• Approved the Regulation 'On the internal audit system' in commercial banks

The Regulation introduces a revised framework of the organisation and regulation of the activity of the internal audit system in commercial banks. It aims at strengthening the role of the internal audit, enhancing its independence and professionalism, as well as approximating it to Basel Committee standards and international best practices on the internal audit.

• Approved legal acts related to the functioning and activities of the Museum of the Bank of Albania

The Museum of the Bank of Albania, in addition to museum and educational functions related to the currency and central banking, will perform the function of minting commemorative coins and selling numismatic items of the Bank of Albania to all interested parties.

The Supervisory Council was also informed on other issues related to the daily functional and operational activities of the Bank of Albania.