The Bank of Albania is the central bank of Albania. The economical- political and social developments since the establishment and so far, have enriched the functions carried out by the Bank of Albania (they have augmented and enlarged the functions of the Bank of Albania).
The Bank of Albania is a fully state owned-bank and is accountable to the People’s Assembly of the Republic of Albania. The Bank of Albania is managed by the Supervisory Council, composed of 9 members, appointed by the People’s Assembly of the Republic of Albania for a term of seven years, eligible for reappointment.
The Bank of Albania, with the attribute of the monetary and supervisor authority of the country, enjoys the following functions:
it compiles, approves and implements the monetary policy of the country, and employs the appropriate monetary instruments to achieve the monetary policy targets
it has the exclusive right to issue and circulate the national banknote and currency
it keeps and manages the foreign reserve of the Republic of Albania
it compiles, adopts and implements the foreign exchange regime and the exchange rate policy
it licenses or revokes a license on exercising banking activity and supervises the banking activity to ensure the banking system stability
it acts as banker, advisor to, and as fiscal agent, of the government of the Republic of Albania
it serves as Bank of banks
it prompts the normal functioning of payment systems
The website is offered in Albanian and English langauges.