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Euro reaches another historical record, it is exchanged at 108.73 ALL

Politiko 2023-06-02 15:38:08

Euro reaches another historical record, it is exchanged at 108.73 ALL

The European currency is setting new records day by day in exchange with the local lek, capturing another historical record.

According to the official exchange rate of the Bank of Albania, the European currency was exchanged this Friday for 108.73 ALL, down 0.67 compared to the previous day.

According to exchange agents, the supply of the European currency this year is very high. The beginning of the tourist season is believed to have increased these flows even more, but based on historical trends, the peak of foreign currency inflows should still come by the beginning of August.

The devaluation of the euro in relation to the lek is increasingly favoring those entities that have expenses in euros and incomes in lek, including especially importers, the Albanian government and other private borrowers.

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