BREAKING NEWS

London activates the secret plan to reveal the connections of Albanian politicians with criminals, Lord Dingeman is coming to Tirana today, training SPAK prosecutors for money laundering and seizing property, here are the "VIP" names at risk, the Briti...

London activates the secret plan to reveal the connections of Albanian
x
BREAKING NEWS

Here's who gave the order to kill Servet Pëllumbi and how the state gangs led by General Agim Shehu ambushed us at Ura e Dajlani, Spartak Braho remembers the violence of '96 and reveals the conversation inside the car with the high official of the SP

Here's who gave the order to kill Servet Pëllumbi and how the state
x
BREAKING NEWS

Bujar Çela and Petro Koçi confess the horror of May '96: How the socialists were raped, bloodied and tortured by order of Sali Berisha, SPAK to investigate the incident

Bujar Çela and Petro Koçi confess the horror of May '96: How
x
BREAKING NEWS

Pact to eliminate the Justice Reform, Berisha-Bardhi against the resolution, but become part of the special commission to escape from SPAK cells

Pact to eliminate the Justice Reform, Berisha-Bardhi against the resolution, but
x
BREAKING NEWS

The man who opposed the USA for the election of Altin Duman as the head of SPAK leaves, the way is opened for the well-known professor

The man who opposed the USA for the election of Altin Duman as the head of SPAK
x
BREAKING NEWS

Sensational, the well-known journalist of the chronicle warns of the arrest of Monika Kryemadhi and Flamur Noka, this is what is happening inside SPAK

Sensational, the well-known journalist of the chronicle warns of the arrest of
x
BREAKING NEWS

Here is the American "big punch" in the face of Sali Berisha, Frrok Çupi confesses the unsaid after the proposal of Argita as the head of "Rithemelim", from the murders under his power and the details from the night when he was elected president, how h...

Here is the American "big punch" in the face of Sali Berisha, Frrok
x
BREAKING NEWS

SPAK summons Bardhi for the Olsi Rama file, the fraud of the deputy of Reestablishment is revealed, he presented himself as a person in the know, not as a whistleblower

SPAK summons Bardhi for the Olsi Rama file, the fraud of the deputy of
x

Ekonomia

The euro is on the 'plunge' again, falling to the lowest level since December 7, here is how much the European currency is being exchanged

The euro is on the 'plunge' again, falling to the lowest level since

The Euro-Lek exchange rate continues to fall and has touched a new minimum level for 2024.

According to the official exchange rate of the Bank of Albania, the Euro was exchanged on Thursday at 101.65 ALL, dropping for the first time this year below the limit of 102 ALL. This is the lowest level of the Euro-Lek exchange rate since December 7, 2023.

The rates of annual decline of the Euro-Lek exchange rate have accelerated and currently the European currency is being exchanged down, by more than 10% compared to the same period a year ago.

The euro is on the 'plunge' again, falling to the lowest level since

The American Dollar moved in the opposite direction, since Thursday it increased by 0.74 Lek and reached the quota of 94.7 Lek, reflecting a strengthening of the American currency against the Euro in international markets. However, even in the case of the dollar, the longer-term trend appears to be downward. On an annual basis, the dollar is also down by 8.4%.

The British Pound is also on the decline, since on Thursday it was exchanged at 118.74 Lek, the lowest level for 2024. The exchange rate of the Pound with the Lek is down by 7.6% compared to the same period a year ago.

Foreign exchange agents state that the supply of European currency in the market is high, in line with expectations for a further increase in tourism figures for this year. This effect is already being felt throughout most of the year and is no longer only associated with the summer season, when it marks the peak period anyway.

The strengthening of the Lek is supporting the fall in inflation, which in March dropped to 2.3%, the lowest level since 2021. Bank of Albania analyzes show that the main effect in reducing inflation was given by the imported inflation component, which is largely influenced by the exchange rate.

Lower inflation, combined with a further strengthening of the national currency, makes a further rise in interest rates unlikely at the moment. In fact, if these inflation and exchange rate trends continue, even the Bank of Albania may start thinking about returning to easing monetary policies.

The strengthening of the Lek increases the purchasing power of domestic consumers and makes the consumption of imported goods and services cheaper. Also, it favors borrowers in foreign currency with income in Lek, who pay less today for their loans.

On the other hand, the strengthening of the Lek can be a threat to the competitiveness of exports of goods and services./Monitor