The Medium -Term Development Strategy of the Bank of Albania 2020-2022
Printed on: 21.02.2020
Production date: 21.02.2020
Material category : Not Periodic Publications / Special Publication
The Bank of Albania is the country’s central bank and monetary authority and has the exclusive right to: (i) formulate, adopt and implement the monetary policy of Albania. The principal objective of the Bank of Albania is to achieve and maintain price stability, which is the best contribution of monetary policy for sustainable and long-term economic growth; (ii) issue and circulate the Albanian currency, ensuring the public confidence in the currency, by guaranteeing the quality of banknotes and coins, and providing a secure and efficient currency supply to meet the needs of the economy; (iii) hold and manage official international reserves of the Republic of Albania as a guarantee for withstanding adverse shocks to the real sector of the economy and support financial stability.