ALLAlbanian LekAlbanian Lek (ALL)
Albania's lek is the national monetary unit and legal tender of the Republic of Albania. The Bank of Albania has the exclusive right to issue Albanian banknotes and coins, and it describes the lek as the monetary unit used to meet the economy's demand for cash. The unit is divided into 100 qindarka, a detail that matters when a price or accounting record includes a fractional lek. The bank's currency-issue work also covers the design, security, circulation and withdrawal of notes and coins. For readers comparing ALL with another currency, the ISO code is the clearest label because the word lek may be written in several forms in English and Albanian.
- ISO code
- ALL
- Symbol
- L
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- Albanian Lek operates under the reviewed market-determined exchange rate arrangement.
- Last reviewed
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Quick facts
ALL at a glance
Currency profile
How ALL works
Albania's lek is the national monetary unit and legal tender of the Republic of Albania. The Bank of Albania has the exclusive right to issue Albanian banknotes and coins, and it describes the lek as the monetary unit used to meet the economy's demand for cash. The unit is divided into 100 qindarka, a detail that matters when a price or accounting record includes a fractional lek. The bank's currency-issue work also covers the design, security, circulation and withdrawal of notes and coins. For readers comparing ALL with another currency, the ISO code is the clearest label because the word lek may be written in several forms in English and Albanian.
Bank of Albania administers ALL within a market-determined exchange rate system.
- The modern lek replaced the golden frang as Albania's national monetary unit in 1947; the 1965 reform changed its scale.
- The reviewed cash profile records ALL 200, ALL 500, ALL 1,000, ALL 2,000, ALL 5,000, ALL 10,000 for banknotes and ALL 1, ALL 5, ALL 10, ALL 20, ALL 50, ALL 100 for coins.
Context
Why this currency matters
The lek has a layered modern history. The post-war monetary unit replaced the golden frang as Albania's national currency in 1947, while the later 1965 reform changed the scale of the lek and brought qindarka into the modern series. The Bank of Albania introduced a new banknote series gradually between 2019 and 2022, with denominations from 200 to 10,000 lekë. Its coin information lists denominations including 1, 5, 10, 20, 50 and 100 lekë. These details make the lek more than a three-letter conversion label: they clarify why notes, coins and historical references may use different visual forms while still describing the same national unit. For a reader using a conversion page, the lek's national role is the starting point for interpreting a rate. Cash denominations, the qindarka subdivision and the code ALL present different layers of the same monetary system. Keeping those layers together helps separate a domestic price from a dated comparison rate shown by an exchange service.
Monetary framework
Exchange arrangement
Albanian Lek operates under the reviewed market-determined exchange rate arrangement.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for ALL
First lek introduced
Albania introduced the lek as a national monetary unit during the interwar period.
Bank of AlbaniaPost-war lek established
A post-war lek replaced the earlier golden-franc monetary framework.
Bank of Albania
Usage and economy
How ALL is used
- ALL denominates wages, taxes, retail prices and bank accounts across Albania.
- The lek is compared frequently with EUR because of Albania's trade, travel and remittance links with Europe.
Banknotes and coins
ALL currency units
The issuing authority documents the reviewed ALL banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for ALL.
One Albanian Lek unit is recorded with 2 decimal places and uses Qindarkë as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
ALL questions
Who issues ALL banknotes and coins?
The Bank of Albania has the exclusive right to issue Albanian banknotes and coins that have legal-tender status in Albania.
Why do older Albanian currency references look different?
Albania changed the scale of the lek in 1965 and introduced a new banknote series gradually from 2019 to 2022.
Is ALL the same as a generic lek?
No. ALL is the ISO code for Albania's lek. The country name and code distinguish it from other currencies whose names may also be translated as lek.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.