
Flash News
Korça/ 40-year-old man jumps from fifth floor balcony, in critical condition
Croatia restores compulsory military service
Illegal constructions in Theth, Manja demands disciplinary proceedings against prosecutor Elsa Gjeli
Details from the murder of Renis Dobra, the perpetrators came with 2 Range Rover cars from Rrëshen
The Supreme Court left him in prison, Meta addresses the 'Constitution'
Savings in foreign currency recorded a record increase of 286 million euros in August, deposits in Lek continue to fall
Although the local currency is Lek, and the income of most families and individuals is in Lek, the preferred currency for saving remains the Euro.
The flow of immigrants, which culminates in August, the income from tourism, or the conversion of a part of savings from Lek to Euro, have caused foreign currency deposits to record a record increase in the month of August. On the contrary, savings in local currency have followed the shrinking trend.
According to the Bank of Albania, at the end of August, the stock of deposits in Lek decreased to 540 billion ALL, with a decrease of 0.9% compared to the same period a year ago, or 5 billion ALL less.
This is the strongest contraction since April. During this year, savings in Lek increased only in January and April, while in total, for 8 months, they fell by 10.7 billion Lek, or 2% less (August 2023 compared to December 2022).
Despite the increasing trend of interest rates in the last year, as a result of the restrictive monetary policy of the Bank of Albania, which increased the base rate several times to curb inflation, deposits in Lek have not seen any significant expansion. On an annual basis, savings in Lek increased by only 0.27%.
This may reflect both the inability to save, due to very high growth rates of prices in relation to income, as well as the channeling of investments in government securities, which had higher interest rates than deposits, as well as the fact that part of the deposits in Lek are being converted into Euro due to the favorable exchange rate.
The data of the Bank of Albania show that the contraction has come entirely from the deposits of individuals (-6.8 billion ALL for term savings), while those of businesses have increased, somewhat amortizing the reduction of individuals).
Currency savings increase by 286 million euros
Unlike the savings in Lek, those in foreign currency have recorded steady growth in recent years. (Monitor is reporting the foreign currency deposits from the special statistics for the euro, which prevails, since the total data of the Bank of Albania's deposits are given in lek, which reduces the value of savings in Euro due to the significant devaluation of the common currency) .
At the end of August, the stock of savings in euros reached 7.1 billion euros, with an increase of 4.2% compared to the previous month, or 286 million euros more. This is the largest monthly increase since the Bank of Albania reports the data, from December 2015. Savings of individuals have influenced almost 60% of the increase.
On an annual basis, deposits in euros have increased by 16.5%, or 1 billion euros more.
In July and August, foreign currency deposits always show strong growth influenced by the inflow of immigrants.
In recent years, the good performance of tourism has also had an impact, which brings more foreign currency to the country both through consumption, the hotel industry, as well as individuals who rent out houses by the day, a trend that is getting stronger and stronger. especially in the summer months./Monitor
Latest news


Malltezi: SPAK admits, we are in a process that began with Balla's false report
2025-07-10 22:34:16

Si të çliroheni nga bllokimet emocionale me anë të ushtrimeve
2025-07-10 21:57:24

Lala: Veliaj wanted to return as mayor
2025-07-10 21:40:46

VIDEO/ Brawl in Bolivian parliament, deputies physically clash
2025-07-10 21:20:30


Albania experienced one of the longest heat waves of the last decade
2025-07-10 21:01:09

The Government approves new procedures for declaring residence in e-Albania
2025-07-10 20:39:32

Koka: Northerners will not forget Edi Rama's racist operation in Theth
2025-07-10 20:18:24
The 3 zodiac signs that will be most affected by the 'Full Moon' of July 10
2025-07-10 20:04:49
New director of the National Center of Cinematography appointed
2025-07-10 19:51:12
Korça/ 40-year-old man jumps from fifth floor balcony, in critical condition
2025-07-10 19:40:19
'Tired Woman'/ The Syndrome That Affects Thousands of Women Every Day
2025-07-10 19:34:02
Jane Birkin's original Hermès bag sells for $10 million
2025-07-10 19:26:22

Britain-Ukraine agreement signed for 5,000 Thales missiles
2025-07-10 19:00:25
Fire in Zvërnec, flames endanger two hotels
2025-07-10 18:57:19
Croatia restores compulsory military service
2025-07-10 18:39:01
Spahia: The great truth of the strong accusation of the residents of Theth
2025-07-10 18:35:07


The Supreme Court left him in prison, Meta addresses the 'Constitution'
2025-07-10 17:57:21
New punishment with 'new' regulations
2025-07-10 17:54:46
EU translator fired over fears for Zelenskyy's safety
2025-07-10 17:45:37
'You are a policeman, but not God, take my soul', protest for Agon Zejnullahu
2025-07-10 17:41:21


Video/ Rama repeats the scenario, kneels before Meloni again
2025-07-10 16:56:31
He set fire to a plot of olive trees, 50-year-old man arrested in Shijak
2025-07-10 16:46:19

Rubio: US and Russia have exchanged new ideas for Ukraine peace talks
2025-07-10 16:36:20
Death of 27-year-old, Lipjan Police Commander Resigns
2025-07-10 16:21:28
Video/ An apartment burns in Tirana near the New Bazaar
2025-07-10 16:09:36


Jensila lights up the internet with her birthday greetings to Ledri
2025-07-10 15:42:08
They're full of pesticides! List of 12 products we need to be careful of
2025-07-10 15:31:04

Worker falls from scaffolding in Shëngjin, urgently sent to Trauma
2025-07-10 15:11:03
Malltezi: Within one day they seized my accounts, properties and shares
2025-07-10 15:01:23
EU: Israel has agreed to more aid to Gaza
2025-07-10 14:55:19


Murder of Reni Dobra, 23-year-old's vehicle pulled from the water
2025-07-10 14:29:23
Trump's tariffs on Brazil raise coffee prices
2025-07-10 14:16:07
Ursula von der Leyen survives no-confidence vote
2025-07-10 14:04:27


Fire in Lezha, flames near electrical substation
2025-07-10 13:32:24
Residents clash with police in Theth, a woman faints
2025-07-10 13:24:38
"Rama and Xanun"
2025-07-10 13:15:46

Zodiac signs most likely to get divorced in July 2025
2025-07-10 12:45:51
A scapegoat for an illegitimate Republic
2025-07-10 12:35:02
"He has devastated his own nation"/ Berisha: Rama imprisons his opponents!
2025-07-10 12:26:54

Albanian man injured with knife in Italy
2025-07-10 12:08:55






23-year-old in Mat drowned with rope, 4 suspects are being held
2025-07-10 10:58:53

After the dismissals, the new director of the Shkodra Police is appointed
2025-07-10 10:30:10
BIRN: Rama's action for public spaces, a repeated spectacle
2025-07-10 10:29:11
Action in Theth, Shkodra Police leaders dismissed
2025-07-10 10:16:28
Fatal accident on the Tirana-Durres highway
2025-07-10 10:01:58
The incinerator does not exist, but the government continues to increase funds
2025-07-10 09:51:45
Albania is aging at a rapid pace! 30% of the population is over 60 years old
2025-07-10 09:46:23
End of an era, Modric says 'goodbye' to Real Madrid
2025-07-10 09:36:09
Mount Dukat has been on fire for 6 days, residents request air intervention
2025-07-10 09:27:24

"Poverty on the rise"/ DW: Many people in Germany are not getting paid
2025-07-10 09:08:06
Horoscope, what do the stars have in store for you today?
2025-07-10 08:51:59




The scorching heat returns, the thermometer climbs to 40°C
2025-07-10 07:58:52
Morning Post/ In 2 lines: What mattered yesterday in Albania
2025-07-10 07:46:35
Tourist operator in Theth: They are demolishing our houses without warning
2025-07-09 22:54:57

Trump and Israeli commander warn: Gaza ceasefire could be near
2025-07-09 22:13:21
Fire in Elbasan Landfill, pedagogue: It is a cancer and environmental crime
2025-07-09 21:54:47


Dangerous summer, number of snake bites increases
2025-07-09 21:22:13
Berisha appeals again: Stop state terror against the residents of Theth!
2025-07-09 21:15:36
'Kissing disease' virus linked to several forms of cancer
2025-07-09 21:04:44
Malltezi confesses after release: Justice has become a political weapon
2025-07-09 20:51:48
Vokshi: Albania's EU integration has stalled due to lack of free elections
2025-07-09 20:37:21