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Exchange rate

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Since July 1992, upon the Council of Ministers' Decision, Albania has adopted a free floating exchange rate regime. The Bank of Albania publishes the value of the Albanian currency against foreign currencies.

The Albanian currency – lek – is a flexible currency, meaning that the market freely determines its exchange rate against foreign currencies. However, that does not mean Lek is totally free to pursue its "wishes".

To keep the "misbehaviour” of the Albanian currency in check, the Bank of Albania intervenes in the domestic foreign exchange market and affects lek demand and supply by either purchasing or selling it against foreign currencies.

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