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Monetary Policy
The Bank of Albania is responsible for formulating, approving and implementing the monetary policy in the Republic of Albania.

What is Monetary Policy?
- Analyses
Markets
In order to implement the monetary policy, the Bank of Albania carries out operations in the interbank market, the foreign exchange market and the government securities market.

Markets
Financial Stability
The Bank of Albania, in cooperation with other authorities, contributes to safeguarding financial stability in Albania.

Financial Stability
- De-euroziaton package
Supervision
The Bank of Albania is responsible for the licencing and supervision of banks and other institutions that conduct banking and financial activities in the Republic of Albania.

Supervision
- Handling complaints
- Supervisory expectations for green finance
Resolution
Resolution is the use of appropriate tools in the case of troubled banks facing financial distress.

Resolution
Statistics
The Bank of Albania compiles statistics to support the decision-making processes and bodies and performs statistical functions for the public at large.

Statistics
Currency
The Bank of Albania is the sole authority for issuing banknotes and coins of legal tender in the Republic of Albania. The monetary unit of the Republic of Albania is the "Lek”.

Role of the Bank of Albania in issuing the national currency
- Currency in circulation
Payments
To promote the normal operation and functioning of the payment system, as one of its main duties, the Bank of Albania plays an active role as the operator, overseer and catalyst and reformer of the payment systems.

Payment System
Museum and education
The Bank of Albania has been committed for years to expanding and deepening financial literacy in Albania, through educational activities and publications, as well as through its Museum.

Museum and Education
- Museum of the Bank of Albania
- Education

Green_finance

Bank of Albania is committed to assessing and managing climate risks, including structural changes that may impact the financial sector and the broader economy, challenging our fundamental objectives, price stability, financial stability, and financial inclusion.

While we are still in the process of building capacity and exploring new avenues, the Bank of Albania has already taken concrete measures to address climate change concerns and advance green finance. One notable initiative is our collaboration with the World Bank (FinSAC) to develop the Medium-Term Green Strategy, approved in May 2023.

This strategy, titled "The management and supervision of climate-related financial risks in the financial sector, for the years 2023-2025", lays out a comprehensive action plan. It aims to identify, monitor, and effectively manage climate-related risks, ultimately securing the stability and sustainability of our financial system. This action plan encompasses a broad spectrum of responsibilities within the Bank of Albania, spanning from monetary policy and financial stability to banking supervision, financial statistics, conducting research, and daily operations activities.

Stategy –Roadmap: The management and supervision of climate – related financial risks in the financial sector

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