EURO Falls Against Albanian Lek

The euro has fallen against the Albanian Lek to a historic minimum low this Tuesday.

Today one euro was fallen to a critical point of 99.8 ALL.

The reasons for the decline are unclear

The lek has repeatedly broken new records against the euro after the continuous decrease of it since the beginning of this year.

The hike in the value of the lek has been attributed to several factors, including the large amount of foreign currency on the market, resulting from the rise in tourism revenue and an increase in remittances.

The strong lek has made imports more affordable, which has helped keep inflation levels relatively low at a time when inflation has soared across Europe. 

However, the strength of the lek has caused difficulties for export-oriented businesses in the country.