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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
- Supervisory expectations for green finance
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

Resolution plan

Based on the selected strategy, the Bank of Albania drafts the resolution plan with detailed steps to be followed by banks in case they face any difficulty.

Objectives of the resolution plan
One of the main tasks of the BoA is to plan for the resolution of banks to ensure their resolvability. The purpose of resolution planning is:
to obtain a comprehensive understanding of the banks and their critical functions,
to identify and address any impediments to their resolvability, and
to be prepared for their resolution if needed

Steps for drafting the resolution plan

The Resolution Plan consists of the following six steps:

Step 1: Strategic analysis

Step 2: Resolution strategy

Step 3: Financial and operational continuity

Step 4: Information and communication plan

Step 5: Conclusion on the assessment of the resolution possibility

Step 6: Bank’s opinion on resolution

Any question or requirement on additional information can be addressed to the Bank of Albania or sent via email to : resolution@bankofalbania.org