Bank of Albania to circulate new 100 lek coins starting November 15
The Bank of Albania announced that, beginning November 15, new 100 lek coins – approximately 1 Euro – with legal tender status, minted in 2023, will be put into circulation.
Context: According to the Central Bank, the new coins will have the same composition, appearance, dimensions, and weight as the most recent edition of the 100 lek coin. The main difference lies in the year of minting, which will be marked as “2023,” and in the corrected spelling of the words “Lekë,” “Mbretëresha,” (Queen) and “Shqipërisë” (of Albania) on the coin’s surface.
These coins will be used as a parallel means of payment alongside existing 100 lek coins minted in previous years. The updated spelling and minting date make them distinguishable from earlier versions.
What’s next: Following the release of the new 100 lek coins on November 15, the Bank of Albania will continue to manage and oversee currency distribution. These coins will circulate concurrently with older versions, while the Bank remains vigilant in updating and preserving the national currency’s characteristics.
Go deeper
Albania launches public consultation on TikTok, Snapchat ban following teen’s tragic death
Published on November 20, 2024
Why is this important: The initiative was prompted by the murder of a 14-year-old student in Tirana, which stemmed from a schoolyard argument that escalated on social media. The tragedy involved a violent altercation that led to one death and two injuries. Disturbingly, the perpetrator shared the weapon on social media, while peers used TikTok and Snapchat to spread threats and glorify violence.
Special Court seizes luxury villas linked to former president’s ex-wife amid corruption probe
Published on November 20, 2024
Why is this important: The ruling marks yet another significant moment in one of Albania’s landmark cases against corruption in high levels. SPAK’s actions emphasize its commitment to tackling high-profile corruption involving influential figures in Albanian politics.
Opposition calls for pension fund reform amid budget discussions
Published on November 20, 2024
Why is this important: Pension reform has become a central issue in Albania, where approximately 300,000 retirees live on very low monthly incomes. Opposition MPs emphasize that current government measures, including periodic bonuses, are insufficient to address the systemic shortcomings in the pension system. The government’s proposed “Spring Bonus,” while welcomed, is criticized as a temporary fix rather than a long-term solution.