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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

Prof. Dr. Luljeta Minxhozi - First Deputy Governor

photo LM

Prof. Dr. Luljeta Minxhozi was appointed First Deputy Governor of the Bank of Albania on 9 January 2019. She joined the Bank as a member of the Supervisory Council in December 2018.

Prof. Dr. Minxhozi graduated in Economics from the University of Tirana, in 1982 and holds the title Professor since 2011. Between 1982 and 2017, she attended a series of academic programmes in renowned European universities.

Her teaching career started in 1982, at the Faculty of Economics, University of Tirana, to be later enriched by other teaching experiences in a number of universities. Notably, she served as the Dean of the Faculty of Economics at the European University of Tirana over the period 2008 - 2018, and as the Vice Rector of Luarasi University in 2018.

Throughout her extensive academic experience, Prof. Dr. Minxhozi has been engaged as a lead professor in various subjects of economics and finance in a number of universities in Albania and abroad. Her rich bibliography of works includes numerous economic studies, scientific articles, academic publications, university textbooks and monographs.

She has also delivered a series of lectures in many national and international conferences, contributing to academic and economic debate.