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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

Licensing and Oversight

The Bank of Albania, in addition to its role as the operator and reformer of payment systems, is also the overseer of the payment systems.

The payment Financial Market Infrastructure (FMI) for payments, securities and derivative transactions) along with financial markets and institutions, are the main components of the financial system.

Thus, a safe and efficient payment system is fundamental for economic and financial activities and is essential for the monetary policy transmission and safeguarding financial stability.

In this context, oversight through licencing, regulation and constant oversight is very important for guaranteeing safe and efficient systems.

Also, the focus of payment systems oversight is payment instruments, in the framework of enhancing public trust in the national currency.

Scope of application

Oversight of payment and settlement systems by the Bank of Albania applies to:

payment and securities settlement systems (in cooperation with the Albanian Financial Supervisory Authority), which:

are owned and operated by the Bank of Albania
are owned and operated by the private entities

central counterparties (in cooperation with the Albanian Financial Supervisory Authority);
Payment instruments and services;
payment systems' elements that are considered important by the Bank of Albania.