Euroization of the Albanian Economy, an Alternative to be Considered
Author: Statistics Department
Printed on: 05.02.2002
Production date: 05.02.2002
Material category : Not Periodic Publications / Working Papers
The use of foreign currencies - particularly the US dollar and the twelve
currencies constituting the euro - is present in Albanian environment, the same
way they are used in all of the open economies in developing countries. The
practice of foreign currency use in Albania extends from the price policies of the
domestic commercial enterprises, to Albanian families holding their savings in
foreign currencies, bank activities and their business relationship (in crediting
the economy) etc.