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Albanian lek

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The lek (plural lekë) is the currency used in Albania; it is worth about 1 U.S. cent or Japanese yen. ISO 4217 currency code: ALL. It is divided into 100 qindarka.

History

Reverse of 50 lekë, 1976
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Reverse of 50 lekë, 1976

The lek was introduced in 1926. At first, there were four denominations in circulation. The lek was worth 100 qindar leku whilst the franga (franka) ar was worth 100 qindar ar or five lekë. The lek was equivalent to the Italian lira.

After the Second World War, only the lek and qindarkë (equal to the qindar leku) were issued. In 1965 and 1991, new lek were introduced, the first at an exchange rate of ten to one, the second at a rate of fifty to one.

Names

The name lek derives from the popular abbreviation of Alexander the Great (Leka i Madh). The name qindarkë name comes from the Albanian qind (hundred). Qindarke carries the same meaning as cent.

Coins

All coins have on the front side the value with branches. The reverse has various designs with the inscription "Republika e Shqipërisë" (Republic of Albania) and the year of production.

Banknotes

There are various series of these in circulation.

External links


Currencies of Europe
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Eastern

Belarusian ruble > Kazakhstani tenge | Russian ruble | Ukrainian hryvnia
Southeastern

Albanian lek > Bulgarian lev | Bosnia and Herzegovina convertible mark | Croatian kuna | Macedonian denar | Moldovan leu | Romanian leu | Serbian dinar
Mediterranean

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Transcaucasia

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Unrecognized Countries

Transnistrian ruble
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