Currency Exchange Rates for Albanian Lek? Convert GBP to ALL at todays exchange rate. See historical and money transfer restrictions for Albania. ALL refers to Albanian Lek.
What is the nickname for the currency? The name Franga has been used for ALL which is equal to 5 ALL.
What is the name of the Central Bank of Albania? Bank of Albania.
What is the inflation rate of Albania? The statistics show that the average inflation rate of Albania for the year 2016 amounted to 1.28 percent compared to the year 2015.
What are the spellings of Albanian Currency? The spellings are A.L.B.A.N.I.A.N. L.E.K. with short form ALL.
What is the use of the currency outside the country? As Albania is a developing country, ALL is not in much use outside the country with its premises focusing within the state.
What currency exchanges are made in Albania? The most common currency exchange rates for ALL is from Euro to ALL. Albania also follows international exchanges from US Dollar and Great Britain Pound to ALL. Other currencies used for exchanges are:
(1) Afghan Afghani,
(2) Turkish Lira,
(3) Australian Dollar,
(4) Swiss Franc,
(5) Canadian Dollar,
(6) Indian Rupee.
What is the current currency exchange from GBP to ALL? The current currency exchange rate from GBP to ALL is 1 GBP = 149.938 ALL.
What does GBP to ALL mean? Main currency conversions in Albania is not GBP to ALL so variation of GBP rate does not affect ALL much.
What is the symbol for ALL? The symbol for ALL is L.
Is ALL stable or undervalued? ALL is stable due to Albania's uprising economy. Albania may belong to developing countries but it is a part of NATO, WTO, OSCE and BSEC. Also, Albania is a potential candidate of membership of European Union. Keeping this aspect in view, ALL is stable as its ascension to EU in future means rapid progress and development in the country. The price of ALL is constantly increasing and brilliant increase in 2017 only has been observed.
What are the main currencies in use? The main currencies in use are Euro at the top followed by US Dollar and Great Britain Pound. Albania is neighboured by European states and due to international relations of Albania with European states, Euro is given commendable importance in Albania with major transactions being made from EUR to ALL.
Currency Information on Albanian Lek - ALL- Albanian Lek - L
Introduced in February 1926, the Albanian Lek is the official currency of Albania. In 1991/1992 Albania suffered from the collapse of communism, which saw a mass migration of refugees to Italy and Greece. Following this, the value of the Albanian Lek fell dramatically. Alexander the Great’s name is usually shortened to Leka in Albanian, and it is from this that the lek gained its name.
To this effect, Alexander the Great appears in portrait form on the back of the 1 lek coin.
Subdivided into 100 qindarka, which are no longer issued, the new lek was introduced in 1965 when coins to the value of 5, 10, 20 and 50 qindarka were issued.
Now there are only lek coins available; 1, 3, 5, 10, 20 and 50 lek, as well as banknotes, which are available in denominations of 1, 3, 5, 10, 20, 50 and 100 lek.
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