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.
1.00 Lek = 0.0092 US Dollar
Exchange rate history 1000 ALL in USD
Lek as currency
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
All information without guarantee.