ALL information
About the Albanian Lek (ALL)
What Is the Albanian Lek (ALL)?
The Albanian Lek (ALL), the national currency of Albania, plays a pivotal role in the country's economy. Represented by the ISO code ALL and symbolized as L, the Lek is subdivided into 100 qindarka, although qindarka coins are no longer in circulation due to their low value. The Albanian Lek is the sole legal tender in Albania, and it is used for all transactions within the country.
The Albanian Lek is issued by the Bank of Albania, which is the central bank of Albania. The Bank of Albania is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining financial stability in the country. The issuance of the Lek is a key part of the bank's role in managing Albania's financial system.
What Is the History of ALL?
The Albanian Lek, introduced in 1926, has a rich history that mirrors the economic and political journey of Albania itself. Named in honor of Alexander the Great, the Lek replaced the Albanian Franc, marking a significant step in establishing Albania's monetary independence. Over the decades, the Lek has undergone several transformations, including changes in its denominations and design, each reflecting Albania's cultural heritage and its evolving political landscape.
Notes and Coins of ALL
The Albanian Lek is circulated in a variety of notes and coins, each denoting different values to facilitate a range of transactions. The banknotes include denominations of 200, 500, 1000, 2000, and 5000 Lekë, each uniquely designed with intricate patterns and images reflecting Albania's rich history and culture. The coins, although less commonly used due to their lower value, come in denominations of 1, 5, 10, 20, 50, and 100 Lekë. These coins are made of different metals and sizes, making them easily distinguishable.
Exchange Rates and Value
The value of the Lek has seen fluctuations over the years, influenced by various economic factors including inflation, political stability, and global economic conditions. The exchange rate of the Lek against major currencies like the Euro and the US Dollar is a critical indicator of Albania's economic health.
Like many countries, Albania has faced economic challenges, and these have impacted the value of the Lek. Economic reforms, fluctuations in global markets, and internal political stability are key factors influencing the strength and stability of the Lek.
Is ALL Pegged to EUR?
The Albanian Lek is not pegged to the Euro. The Lek operates under a floating exchange rate system, where its value is determined by market forces such as supply and demand in the foreign exchange market. This means that the exchange rate of the Lek against the Euro and other currencies can fluctuate based on economic conditions, market sentiment, and other factors. While Albania has expressed aspirations to join the European Union, which might eventually lead to the adoption of the Euro, as of January 2024, this transition had not yet occurred.
Is ALL a Stable Currency?
The stability of the Albanian Lek, like many currencies, is subject to various economic factors and can fluctuate based on domestic and international economic conditions. Historically, the Lek has experienced periods of both stability and volatility. For instance, in recent years, the Lek has shown relative stability against major currencies like the Euro and the US Dollar, with moderate fluctuations in its exchange rate. However, it's important to note that factors such as Albania's economic reforms, inflation rates, and political climate can impact the Lek's stability
OS to ALL conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | L87.59 | 0.0200% / 0.0320%VIP 7 |
How to buy Ethereans
Buy OS (or USDT) for ALL (Albanian Lek) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
m mundocripto 16 trades|Completion rate 94.00% | 1.018 USD | Amount262.93 USDT Limit10 - 200 USD | ||
I Itzsheikhs 125 trades|Completion rate 99.00% | 1.033 USD | Amount3082.93 USDT Limit300 - 3184 USD | ||
R Recharge 35 trades|Completion rate 76.00% | 1.036 USD | Amount177.48 USDT Limit10 - 183 USD | ||
F FLASH SALE 1 22 trades|Completion rate 96.00% | 1.036 USD | Amount1110.54 USDT Limit10 - 1660.521 USD | ||
C CryptoCrave 88 trades|Completion rate 99.00% | 1.04 USD | Amount4559.03 USDT Limit200 - 4741 USD |
Sell OS (or USDT) for ALL (Albanian Lek) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
R Recharge 35 trades|Completion rate 76.00% | 1.192 USD | Amount958.25 USDT Limit10 - 1000 USD | ||
c cR7_trader 7 trades|Completion rate 100.00% | 1.121 USD | Amount4788.74 USDT Limit100 - 5000 USD | ||
D DimTrade 0 trades|Completion rate 0.00% | 1.1 USD | Amount4502.79 USDT Limit100 - 1000 USD | ||
y yaske212 24 trades|Completion rate 75.00% | 1.016 USD | Amount600 USDT Limit20 - 600 USD | ||
C CriptoYaExchange_Go 46 trades|Completion rate 87.00% | 1.015 USD | Amount2500 USDT Limit150 - 2500 USD |
What factors influence the conversion rate of Ethereans to Albanian Lek?
Ethereans to Albanian Lek is falling this week.Conversion tables
The exchange rate of Ethereans is decreasing.OS to ALL
ALL to OS
Today vs. 24 hours ago
Amount | 00:20 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OS | $0.4724 | $0.4188 | +11.76% |
1 OS | $0.9449 | $0.8375 | +11.76% |
5 OS | $4.72 | $4.19 | +11.76% |
10 OS | $9.45 | $8.38 | +11.76% |
50 OS | $47.24 | $41.88 | +11.76% |
100 OS | $94.49 | $83.75 | +11.76% |
500 OS | $472.44 | $418.75 | +11.76% |
1000 OS | $944.88 | $837.51 | +11.76% |
Today vs. 1 month ago
Amount | 00:20 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 OS | $0.4724 | $0.6762 | -28.54% |
1 OS | $0.9449 | $1.35 | -28.54% |
5 OS | $4.72 | $6.76 | -28.54% |
10 OS | $9.45 | $13.52 | -28.54% |
50 OS | $47.24 | $67.62 | -28.54% |
100 OS | $94.49 | $135.24 | -28.54% |
500 OS | $472.44 | $676.22 | -28.54% |
1000 OS | $944.88 | $1,352.44 | -28.54% |
Today vs. 1 year ago
Amount | 00:20 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 OS | $0.4724 | $1.27 | -61.13% |
1 OS | $0.9449 | $2.55 | -61.13% |
5 OS | $4.72 | $12.75 | -61.13% |
10 OS | $9.45 | $25.49 | -61.13% |
50 OS | $47.24 | $127.47 | -61.13% |
100 OS | $94.49 | $254.95 | -61.13% |
500 OS | $472.44 | $1,274.73 | -61.13% |
1000 OS | $944.88 | $2,549.47 | -61.13% |
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