Albania

SHORT INFORMATION

Money in Albania

1 USD = 110,1 ALL [23.09.2019]

The lek is the official currency of Albania. It is subdivided into 100 qindarka (singular qindarkë), although qindarka are no longer issued.

The lek was introduced as the first Albanian currency in February 1926.

Lek (ALL; symbol Lek). Notes are in denominations of Lek5,000, 1,000, 500, 200 and 100. Coins are in denominations of Lek100, 50, 20, 10 and 5.

SHORT INFORMATION

Political structure of Albania

Politics of Albania takes place in a framework of a parliamentary representative democracy is the head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and parliament, the Assembly of the Republic of Albania (Kuvendi i Republikës së Shqipërisë). Since 1991, the introduction of pluralism, the party system is dominated by the Democratic Party of Albania and the (post-communist) Socialist Party of Albania.

SHORT INFORMATION

Administrative divisions of Albania

Albania, officially known as the Republic of Albania, is a country in Southeastern Europe, in the Balkans region.