BREAKING NEWS
"Earthquake" in the State Police, the "SKY" gang falls, this is how the dome will be replaced, the chiefs of the police stations and the directors of the directorates, almost 600 new faces at the top of the list
x
BREAKING NEWS
Spartak Njjela's "Bomb": This is why Prime Minister Rama does not resign after all the arrests in his government and the reason that may have forced the judge to take Jamarbër Malltezi to house arrest
x
BREAKING NEWS
Idajet Beqiri is shocked: Ilirjana Olldashi, who freed Jamarbër Malltez from prison, is the first cousin of Ilir Meta, here are the people of the former president within the judiciary and who is Sali Berisha's loyalist who is in danger of being handcuf...
x
BREAKING NEWS
Ilir Demalia tells the horror that Ilir Meta is experiencing from the witnesses for the "CEZ-DIA" file, this is the scheme he is using together with Sali Berisha to escape from the clutches of SPAK
x
BREAKING NEWS
Kreshnik Spahiu: I tell you why the prosecutors are hesitating to take the decision to send Sali Berisha and Jamarbër Malltezi to prison, here is the judicial practice that sinks them, what is expected to happen in the Supreme Court
x
BREAKING NEWS
From "Gërdeci" and the death of Trebicka, to pyramid firms and the exhumation of the corpse of the well-known businessman, Geri Kokalari calls SPAK to investigate Berisha, here are some of the crimes in which the former prime minister was involved
x
BREAKING NEWS
Here is the evidence in the hands of the FBI and foreign secret services that prove that Sali Berisha is the unconvicted murderer of "January 21", the sensational behind the scenes are revealed
x
BREAKING NEWS
The dome of the State Police towards the merger after the delivery by Europol of the interceptions of "EncroChat" and "Sky", Rrumbullaku urgently opens the race for the ranks
x
The "unstoppable" lek/ A disappointing week for the Euro ends, here's what's happening with the European currency
Written by SOT.COM.AL 11 Nëntor 2023
The lek has registered a new level of appreciation against currencies and especially the common European currency.
At the end of this week, the lek yesterday was exchanged for 104.42 euros, according to the official exchange rate of the Bank of Albania. This is also the lowest level since August 25, when the European currency recorded the highest value at 110.58 ALL, after a disappointing performance during the tourist season.
Meanwhile, the American dollar has easily regained ground, being exchanged at 97.84 ALL, but remains at low values, reports "SCAN". The appreciation of the lek against foreign currencies was explained by the high arrivals of the latter during a successful tourist season.
But, although this has already been left behind, the performance of the euro continues to decline day by day. The devaluation of the euro has been one of the main concerns of Albanian enterprises that produce for export, which estimated the losses at around 50 million euros. However, the state budget has also been affected by this phenomenon.
According to official data, it is estimated that the state coffers lack at least 15 billion Lek until the end of September, due to the programming of revenues based on assumptions of the exchange rate Euro/Lek of about 120 Lek and USD/Lek, about 110 ALL.
Meanwhile, although it has significantly reduced borrowing in the international financial markets, the Ministry of Finance sees a significant increase in the risk of the exchange rate in terms of external debt.
In order to somewhat curb this devaluation of the euro, at the beginning of August, the Bank of Albania announced that it would increase the annual quotas for the purchase of the European currency in the market, from 220 million to 300 million.
Meanwhile, Governor Sejko has stated several times that if unusual fluctuations are observed, the institution he leads will intervene again with the purchase of euros on the free market.
