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Alexander the Great on the first Albanian 1 Lek coin. The lek was introduced as the first Albanian currency in February 1926. [2] Before then, Albania was a country without a currency, adhering to a gold standard for the fixation of commercial values. Before the First World War, the Ottoman Turkish piastre was in full circulation
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
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Jersey pound – Jersey (not an independent currency) Lebanese pound – Lebanon; Libyan pound – Libya; Lombardo-Venetian pound – Lombardy–Venetia; Luccan pound – Lucca; Luxembourgish pound – Luxembourg; Malawian pound – Malawi; Maltese pound – Malta; Manx pound – Isle of Man (not an independent currency) Maryland pound – Maryland
The 1 Lek coin has a value of one lek and is composed of copper-covered steel (2008 and 2013 issues) or bronze (1996), depicting a Dalmatian pelican on its obverse. [1] The 1 Lek coin was firstly minted in 1926 and has been redesigned several times.
Albanian oil and gas is one of the most promising, albeit strictly regulated, sectors of its economy. Albania has the second-largest oil deposits in the Balkan peninsula after Romania, and the largest oil reserves [227] in Europe. The Albpetrol company is owned by the Albanian state and monitors the state petroleum agreements in the country.
The Bank of Albania (Albanian: Banka e Shqipërisë) is the central bank of Albania, issuing the Albanian lek. It is headquartered in Tirana , with five branches in Shkodër , Elbasan , Gjirokastër , Korçë and Lushnjë , and a Research and Training Center in Berat .
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]