Currency of Albania: Albanian Lek
Albanian Lek ยท ALL ยท National
Who Issues Albanian Lek in Albania
The Albanian Lek (ALL) is administered as Albania's national currency through Bank of Albania. Alongside the alphabetic code, ISO 4217 assigns numeric identifier 008.
For a dated ALL observation, Bank of Albania manages the monetary framework for the Albanian Lek in Albania. ALL is therefore a nationally administered currency rather than an externally issued unit. This approach leaves the source trail clear.
Exchange Rate for ALL
For reference-rate use in Albania, the useful benchmark is a dated ALL observation with its currency pair stated explicitly. Provider spreads, card charges and commissions can still change the amount actually paid. This keeps the comparison anchored to a dated observation.
On this Albania currency page, keep the quoted pair and observation time consistent when comparing rates. A bank, card network or cash desk may apply its own spread or fee to that benchmark. That makes the comparison internally consistent.
Banknotes and Coins
Banknotes
The Bank of Albania's improved legal-tender series contains six denominations: 200, 500, 1,000, 2,000, 5,000 and 10,000 lek, introduced progressively from 2019 through 2022.
Coins
The current circulation coin series contains six denominations: 1, 5, 10, 20, 50 and 100 lek.
Frequently Asked Questions
What currency is used in Albania?
For readers comparing ALL, the Albanian Lek (ALL) is the national currency, with Bank of Albania responsible for the domestic monetary framework. The wording keeps the reference point clear.
Who manages the currency system in Albania?
Bank of Albania is the main monetary authority identified for Albania.
Are the exchange rates for Albania real-time?
When reading an ALL conversion, the tool requests the latest available reference observation for supported pairs and reports the date attached to that observation. The figure is informational and can differ from a bank, card or cash-counter quote. This keeps the timing of the observation visible.
Sources & methodology
The institutional description for Albania is grounded in Bank of Albania and the relevant monetary arrangement. ISO 4217 is used for the ALL identifier; exchange-arrangement facts and dated rate observations are treated as different data layers. It leaves the quoted pair easy to interpret.
View sources used for this page
- Bank of Albania - official website
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- Bank of Albania - banknotes in circulation
- Bank of Albania - coins in circulation