FLASH
Shkruar nga Pamfleti
Out of every two years, in just two seasons. The frequency of the cycle of changes in the foreign exchange market, repeated almost regularly in two decades, has been broken. The new normality in the foreign exchange market, that of exchanging one euro for around 104 lek created in the fall of last year, has lasted less than half a year. The euro is being exchanged for less than 103 ALL, depreciating by 9.5 percent compared to just a year ago.
" Relatively, the euro has been in a new equilibrium which we accepted and expected. We came from a euro above 140 lek, while we had a longer-term balance at the level of 125 lek ", said Dritan Vakaj.
Most of it comes from tourism and exports, followed by foreign investments and emigrant remittances... only through these channels, nearly 11 billion euros entered the country last year. The good days that tourism is going through are increasing the signals for a further devaluation of the European currency.
" We have entered, we are entering the tourist season. Necessarily, as we have seen in other years, the euro has had a downward trend. We hope and wish that it will not be as pronounced as in years, but the trend will be downward ", said Vakaj.
What is the "red line" in the foreign exchange rate?
" 100-lekshi is the new normal that we expect. More precisely, we hope that the exchange rate does not fall below this level even for this tourist season ", added Vakaj.
Last year alone, nearly 12 billion euros were exchanged in almost 600 foreign exchange points and second-level banks. This is the highest level ever recorded. / A2 CNN
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