Euro "stuck" at 96.70 lekë - BoS: Fixed at this level. Exchange rate, without major fluctuations in recent months
For several months, the exchange rate has not been experiencing major fluctuations. According to the Bank of Albania, 1 euro is currently being exchanged for 96.70 lekë.
In the first months of 2025, 1 euro was exchanged for 98 or 99 lekë, but the first signs of its decline appeared in May to deepen in June. So, the big break began at the beginning of the summer season. In July and August, the euro was fixed near the level of 97 lekë, while from September until now, the European currency is being exchanged for 96 lekë.
From the start of the year until now, the euro has experienced the greatest decline on October 21, when it fell for the first time to the level of 96.60 lek.
The lek has strengthened due to the large amount of euros in the country. This amount comes from large inflows of emigrants, tourism revenues, foreign direct investments, and informal money.
Considering the fact that goods are imported in euros, the strengthening of the lek has made goods and services purchased abroad cheaper, but has damaged the exporting sectors of the Albanian economy. Data from INSTAT show that in this ten-month period, exports of goods reached a value of 291 billion lek, decreasing by 7%. However, imports also resulted in a decrease for this period. The trade deficit reached a value of 445 billion lek, increasing by 3.8%, compared to the same period in 2024.
In addition to tourism revenues, which reached 1.9 billion euros in the first half of the year, foreign exchange inflows from emigrants also increased to 531 million euros.
Albania has a floating exchange rate, not a fixed one, which means that the Central Bank allows the exchange rate to adjust itself and does not intervene except in exceptional cases. Although the euro has suffered a drastic decline against the lek, the Bank has intervened in a reserved manner by purchasing foreign currency to adjust the exchange rate.
Trump suspends all asylum applications - "Green cards" for citizens of 19 countries will also be reviewed
President Donald Trump has announced that he will suspend immigration from third-world countries in response to the incident in Washington where a National......
Albania and France strengthen partnership for tourism development - Topuzi and Dervishi: Towards new standards, innovation and international cooperation
The development of tourism and the strengthening of cooperation between Albania and France were at the center of the conference organized today, which was......
Failure to approve the budget endangers social welfare - DW: Kosovo can only use 1/12 of the 2025 budget
The holding of three elections within a year in Kosovo, the political crisis, the failure to form a new government, and the consequent failure to approve the......
Properties, "at the mercy of fate" - Floods, fires and earthquakes do not sufficiently encourage Albanians to insure
Neither the 2019 earthquake nor other ongoing seismic tremors, nor the alarming situation with fires during the summer, were enough to make Albanians aware......
Automatic exchange of data on cross-border payments - Taxes completes preliminary phase, finalization expected in 2026
The Tax Administration takes an important step towards European standards. This institution has finalized the preliminary phase of harmonizing legislation......
The “devil’s metal” is shining in 2025 - Silver is predicted to rise further, due to increased demand
Silver, known for its volatility, has reached record levels this year and is expected to rise further, due to increased demand from various industries, such......
Chaos with air flights worldwide - Airbus recalls 6,000 A320 aircraft, software affected by solar flares
European planemaker Airbus has ordered immediate repairs to around 6,000 planes worldwide because of software being affected by solar flares. The decision......
"Black Friday", consumers buy "online" - They prefer not to wait in line, $6.4 billion spent in 1 day
During this year's Black Friday, American consumers preferred to shop more online and not wait in line, as is tradition. According to Adobe, on Thanksgiving......
