The Bank of Albania presented this Tuesday two new denominations of Albanian banknotes, which officially enter the market starting from June 30, 2021, ALL 1 thousand and ALL 10 thousand.

In a press conference, Governor Gent Sejko spoke about the details of each banknote presented, focusing on the features of ALL 10 thousand, a completely new denomination in the series of Albanian banknotes.

"The newest banknote, worth ALL 10 thousand, is presented today. The Bank of Albania presents today two new banknotes, denominations of ALL 1 thousand and ALL 10 thousand, where the latter is a completely new denomination in the series of Albanian banknotes.

Launching for the first time represents in itself the degree of development of the electronic payment system, as well as other indicators related to the handling of money. This accompanies the economic development of the country and meets the market demands to have it. Introducing and putting it into circulation will enable a better cash flow, reducing production, storage and distribution costs, as well as increasing the efficiency of the BA. Also, the presence of this higher cut increases the efficiency of the Bank of Albania to administer a stock, to cope with cases of unforeseen increase in market demand ", said Sejko.

Further, Governor Sejko mentioned some features of these new banknotes, stating that “the new ALL 1 thousand banknote comes with a refreshed design, undergoing changes related to all elements as a whole. The ALL 10 thousand banknote bears the symbols of our national identity, accompanied by the author of the National Anthem, Aleksandër Stavër Drenova (Asdreni). 

The ALL 1 thousand banknote has integrated numbers, letters, as well as the element of recognition by the blind, changes colour in different viewing angles, has also the bright stripe on the back. The new ALL 10 thousand banknote has integrated numbers, letters, as well as the element of recognition by the blind, the hologram accompanied by various optical effects,” Sejko concluded.