About the Albanian Lek (ALL)
What Is the Albanian Lek (ALL)?
The Albanian Lek (ALL) serves as Albania's national currency, integral to its economic operations. Designated by the ISO code ALL and symbolized as L, the Lek divides into 100 qindarka—though these subunits are no longer circulated due to minimal value. The Bank of Albania oversees its issuance, ensuring monetary policy alignment and financial stability.
History of the Albanian Lek
Introduced in 1926, the Lek replaced the Albanian Franc, marking Albania's stride toward monetary sovereignty. Named after Alexander the Great, its evolution reflects Albania's socio-political changes, including denomination updates and redesigns that showcase cultural heritage.
Notes and Coins
- Banknotes: 200, 500, 1000, 2000, and 5000 Lekë, featuring historical and cultural motifs.
- Coins: 1, 5, 10, 20, 50, and 100 Lekë, distinguished by size and metal composition.
Exchange Rates and Stability
The Lek's value fluctuates based on inflation, political climate, and global economics. While not pegged to the Euro (operating under a floating exchange rate), its relative stability hinges on Albania's economic reforms and EU accession prospects.
👉 Track real-time KISHU to ALL rates
Is ALL a Stable Currency?
Periods of stability and volatility characterize the Lek's history. Recent years show moderate exchange rate fluctuations against major currencies, influenced by domestic policies and international market dynamics.
Kishu Inu (KISHU) to ALL Conversion
Bitget's crypto-to-fiat data highlights KISHU/ALL as the most traded pair for Kishu Inu. Use our calculator below to estimate conversions seamlessly.
👉 Calculate KISHU values instantly
FAQ
1. How does the Bank of Albania regulate the Lek?
The central bank manages issuance, monetary policy, and financial oversight to maintain the Lek's integrity.
2. Can I use Euros in Albania?
While some tourist areas accept Euros, the Lek remains the official tender for all transactions.
3. What affects the KISHU-to-ALL exchange rate?
Market demand, cryptocurrency trends, and Albania's economic indicators collectively influence the rate.
4. Are qindarka coins still valid?
No, qindarka coins are discontinued due to their negligible value in today's economy.
5. Will Albania adopt the Euro soon?
EU membership discussions are ongoing, but no definitive timeline exists for Euro adoption as of 2024.