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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

Bank of Albania Supervisory Council

The Supervisory Council is the highest decision-making and supervisory body of the Bank of Albania. It is responsible for fomulating the monetary policy and approving guidelines for its implementation. The Supervisory Council decides on the management policies, and determines the method and procedures for the operational activity of the Bank of Albania, ensuring adequate management and public accountability for its actions, engagement and results.

The Supervisory Council is chaired by the Governor and is composed of nine members, as follows:

Governor - Chair
First Deputy Governor - Vice Chair
Second Deputy Governor
Six other members

All the members of the Supervisory Council are selected and appointed by the Assembly of the Republic of Albania for a seven-year term, with the right to re-election. They are proposed by:

The Assembly - five members
Council of Ministers - three members
Supervisory Council - one member

Incumbent SC members:

Mr. Gent Sejko, Chair
Ms. Luljeta Minxhozi, Vice Chair
Ms. Natasha Ahmetaj, Member
Ms. Suela Popa, Member
Ms. Edlira Luçi, Member
Mr. Ridvan Bode, Member
Mr. Artan Hoxha , Member
Ms. Violeta Staka, Member
Mr. Anastas Angjeli, Member