The European currency EURO has hit a new low, where this Tuesday it is exchanged for only 92.09 lekë, according to the official exchange rate of the Bank of Albania.
The exchange rate of the lek against the euro is increasingly reflecting seasonal effects.
The increase in tourist arrivals has increased the supply of foreign exchange on the market, putting further pressure on the single European currency. This is the lowest historical level ever recorded.
On the other hand, to stabilize the exchange rate and prevent an even stronger depreciation, the Bank of Albania is intervening in the market by purchasing foreign exchange.
Foreign exchange reserves reached a record high of 7.8 billion euros at the end of June, up from 6.7 billion euros in June last year.