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Ekonomi2024-05-16 21:14:00

The euro plummets, the Bank of Albania "crosses its arms"; decides not to intervene in the market

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The euro plummets, the Bank of Albania "crosses its arms"; decides not

This Thursday, the euro reached its lowest value since 1991, being bought at 100 lek and sold at 100.7.

Despite this, the Bank of Albania does not plan to intervene at least this three months.

We will have to wait for the analysis of the next 90 days to see if there will be measures to keep the exchange rate stabilized or if it will be necessary.

It seems that it will be, the increase in the flow of vacationers that will decide and the performance of the weight of foreign currencies. As for the policies that the central financial institution will follow, the progress of the Albanian economy will be expected for this.

In this first three months of the country, the finances seem to be sound.

Director of monetary policy Erald Themelin gives the strong points of this increase.

He further explains that the reduction of prices in the region has not fully affected our country.

In conclusion, Themeli added that the bank predicts that inflation will reach the level of 3%, thus expecting an economic growth, expansion of consumption and continuation of the good performance of lending. / Ora News

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