Medium-term development strategy of the Bank of Albania 2016-2018

The medium-term development strategy of the Bank of Albania for 2016-18 sets out the institutional objectives over this three-year period and identifies the required measures and resources to achieve these objectives. This publication presents in a well-structured and clear manner the dynamics in the internal activity and external results, and enables the quantitative and qualitative evaluation of measures taken to achieve the objectives set forth in the strategy. The principal objective of the Bank of Albania is to achieve and maintain price stability, which is the best contribution of monetary policy for sustainable and long-term economic growth; (ii) issue and circulate the Albanian currency, ensuring the public confidence in the currency, by guaranteeing the quality of banknotes and coins, and providing secure and efficient currency supply to meet the needs of the economy; (iii) hold and manage official foreign reserves of the Republic of Albania as a guarantee for withstanding adverse shocks to the real sector of the economy and support financial stability.