Currencies

Countries that use the Lek

The Lek was established in 1925 as an official national currency and is used only in Albania. 1 Lek is devided into 100 Qindarka.

ISO 4127:
ALL
Numeric:
008
1.00 Lek = 0.0092 US Dollar
(date: 06/20/2018)



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Exchange rate history 1000 ALL in USD



Lek as currency

CountryRegion
AlbaniaSouthern Europe




Currency reserves for the Lek

According to the International Monetary Fund, the total broad money (M3) amounted to ALL 1,266.09 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 386.71 billion Leks. This corresponds to a ratio of 1:3.3. Or in other words: 1 of 3 Leks is deposited with a countervalue, which is internationally already above average.

Approximately 7.2 billion Leks (1.9%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Micronesia, Federated States ofMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean